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Offset

The indicator identifies the direction and strength of the trend.

Bearish trend areas are marked with red color, bullish areas are marked with blue color. A thin blue line indicates that a bearish trend is about to end, and it is necessary to prepare for a bullish one.

The strongest signals are at the points when the filled areas start expanding.

The indicator has only two parameters:

  • period - period;
  • offset - offset.

The greater the period, the more accurate the trend identification, but with a larger delay. The optimal value is 8-14. Setting a high offset value is also not recommended, the optimal value is 5.

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Versión 2.0 2017.09.04
Added display of the trend in the new version.
The red histogram shows a bearish trend
blue histogram - bullish trend