Ah OK. Thanks
Just t remind this indicator is the same as asctrend, except coded much better, with all the alerts.
Thank you mrtools
This indicator can be used instead of TrendStrength indicator for Ichimoku scalping (and for any Ichimoku trading systems), and for AscTrend system as well - TrendStrength onchart indicator.
TrendStrength EMA variation - indicator for MetaTrader 5
"Trend strength" version of EMA variation (originally published here : EMA variation along with detailed explanation). In these cases trend strength is used more like a filter than anything else, but the original calculation is kept, and the logic is the original logic of the "trend strength" family of indicators.
This indicator is having interesting explanation which can be found here (the explanation is related to EMA variation part of the indicator, because TrendStrength part of this indicator is working as a normal TrendStrength (means: as a filter to estimate the market condition for possible buy/sell trades based on the 'EMA variation color change')