The T3_TRIX_Signal indicator shows information on the current trend using the values of the T3_TRIX indicator with a fixed timeframe.
If the signal is formed by a colored cloud, in addition to the color the behavior of the cloud is analyzed. If the cloud is compressed and the trend is weakening, the color of the indicator is pale.
When the cloud expands and trend increases, the color is bright. Colored dots on lines appear when the bar of the corresponding timeframe changes.
Figure 1. The The_20's_v0.20 indicator
Author: Nikolay Kositsin