ChangingTrends

The indicator calculates the most probable trend stop/reversal areas, confident trend movement areas.

The calculation considers:

• the rate of price change;
• the relative deviation angle of the chart;
• the average amplitude of price movements;
• the price leaving its "comfort zone";
• the values of the ATR indicator.

The indicator can generate an Alert when the price enter a stop/reversal area.

Settings

• Draw the entire length? - draw the areas until the end of the chart;
• Show Stop UP-trend - display the stop/reversal area of an uptrend;
• Show UP-trend - display the area of a confident uptrend;
• Show DOWN-trend - display the area of a confident downtrend;
• Show Stop DOWN-trend - display the stop/reversal area of a downtrend;
• Alert in the area change - Generate alert when the price enters the trend stop/change area;
• Next are the color settings for each of the trading areas.