The indicator is based on MA with additional processing of all the current prices, as well as all Highs and Lows for an appropriate period.
The product efficiently displays trend changes and tracks a trend line and color if conditions remain unchanged.
The indicator has only three parameters making it easy to configure.
- PeriodTrend - amount of bars used for a trend calculation
- PeriodAverage - indicator line averaging period
- Method - averaging method
PeriodAverage - indicator line averaging period
Method - averaging method
Now, the trend calculation equation has been changed, and the indicator does not repaint any more.