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Colored trend Indicator

30 USD

Demo downloaded: 53

Published: 27 December 2017

Current version: 1.1

Colored trend Indicator

Indicators
Yarne Bekkers
Version: 1.1
Updated: 1 March 2018
Activations: 20

Colored trend indicator advanced is a trend indicator that is based on Fast Moving Average and Slow Moving Average and also uses RSI and Momentum to give a trend strength in percent. It is aimed to find more healthy trends with this indicator. This indicator can be used alone as a trend indicator.

Colors

(Default) Green = Uptrend
(Default) Red = Downtrend
No color = No trend, no good trend

Indicator Parameters

WarnPosTrendchange: Warns you when the trend may change.
FullColor: See screenshot.
Signal Period: the number of bars used for the indicator calculations.
Slow MA period: Period for the slow moving average.
Fast MA period: Period for the fast moving average.
MA method: Default is EMA (Exponential moving average).
ColorUpTrend: Color for bullish trend.
ColorDownTrend: Color for bearish trend.
RsiPeriod: Period for the RSI indicator.
RsiPriceAPLL: Price type used for RSI indicator.
MomentumPeriod: Period for the Momentum indicator.
MomentumPriceAPLL: Price type used for Momentum indicator.
StrongnessPercent: 100 is good for low timeframes. When using higher timeframes, use a smaller number. It is possible to enter more than 100% but I do not recommend it.
StrengthRounding: Round trend strengths at 5 percent (18% becomes 15%, 3% becomes 0%, 78% becomes 75%, etc.).
ShowSpread: Show Spread label on chart.
ShowServertime: Show Server time label on chart.
renewTimeMilliSec: Refresh time for spread and server time in milliseconds.
LabelColor: Color for spread and server time label.

Works on all timeframes.
Works on all currencies.

Default parameters are optimized for low timeframes (EURUSD M5). To use the indicator on a higher timeframe, you have to adjust the parameters.

If you have any questions, feel free to ask.

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Version 1.1 2018.03.01

# Strength of the trend is reflected in percentage through RSI, Moving averages and ATR
# Possible to display server time and spread
# Warning when trend may change
# More possibilities to adjust optical colors and shapes
# ...