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Colored Trend

Colored trend indicator is a trend indicator that uses Average True Range and Standard Deviation indications. It is aimed to find more healthy trends with this indicator. This indicator can be used alone as a trend indicator.


Detailed review

  • 4 different trend colors appear on this indicator. The blue color represents the upward trend.
  • The dark blue color has a tendency to decline after rising from the rising trend.
  • The red color represents the declining trend.
  • The dark red color has a tendency to rise after the fall trend.


Parameters

  • Stdev_Prd - Standard deviation period setting
  • Stdev_Dev - Standard deviation deviation setting
  • Atrprd - Average True Range period setting
  • AtrFactor - Average True Range calculation setting
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