You can use this indicator as a trend indicator on its own. Or as a trend filter along with other strategically relevant indicators. Easy to use and simple to understand trends.
Suggestions and Features
- This indicator is a trend finding tool.
- There are level lines on the indicator.
- If the graph falls below 0, it is interpreted as a downward trend.
- If the graph falls above 0, it is interpreted as a upward trend.
- You can use it in all time frames.
- You can use it in all pairs.
- Trend Period - standard stochastic period setting. You should make this setting high to find bigger trends.