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Trade Direction 4

This simple indicator helps defining the most probable trend direction, its duration and intensity, as well as estimate the possible range of price fluctuations.

You can see at a glance, at which direction the price is moving, how long the trend lasts and how powerful it is.

All this makes the indicator an easy-to-use trend trading system both for novice and experienced traders.


Parameters

  • Period - averaging period for the indicator calculation.
  • Deviation - indicator deviation.
  • Lag - calculation base (number of bars).


Indicator buffer numbers

0 - BUY signal, 1 - SELL signal, 2 - upper level, 3 - lower level.

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