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IECO trend Indicator
The operation principle of this indicator is as follows: using the intersections of moving averages with the same period.
The period is user-defined. One of the moving averages is based on Close prices, the other is based on Open prices.
The indicator signals are generated when the indicator color changes. By default, green is for bullish trend, red is for bearish trend.
When the indicator color changes from red to green, buy orders can be opened, when it changed from green to red - sell orders.