Trend trading is a strategy that allow to trade the market by identify the direction of the price movement in near future ( according to the time frame ).
A trend is a tendency for price to move in a particular direction ( Up (as a Uptrend) or Down (as a Down trend) ) over a period of time, sufficiently for open a position and close it in profit.
This indicator is showing an Uptrend (Aqua line) and Downtrend (Magenta line).
A point of a transition from one color to another is a good time to open a position in the trend direction.
The indicator's line may be used as a StopLoss value.
Two input parameters:
- maPeriod - Averaging Period for calculation.
- maMethod - Moving Average method.