Trend or flat? This is probably the most popular question among traders as the answer to it affects a trading strategy.
TrendOrFlat indicator answers that question, as well as shows if a global trend is over or not. All you need to do is put a vertical line to an important extreme value. In case of a trend, the price will cross the indicator line, while in case of a flat, the price will remain within its boundaries. As a rule, local trends have the same direction. Thus, the opposite indicator line is broken through during the global trend's reversal.
The indicator is based on the equation from Einstein's work on Brownian motion of particles.
The value of Degree=0.5 corresponds to the random price movement.