Ultimate Trigger AM
The name of the indicator reflects its essence. The indicator is created as the final confirmation of the trend change. The default settings of the indicator are designed for short-term trading, but changing them allows adjusting the indicator to medium-term and long-term trading strategies.
The indicator signal is generated when the Trigger line crosses the zero value. The Signal line is informational in nature - an increase or decrease in its values indicates the strength of the trend.
The buy signals are confirmed when the price exceeds the High of the bar where the signal had been formed.
The sell signals are confirmed when the price exceeds the Low of the bar where the signal had been formed.
The opposite signal cancels the previous signal.
The indicator does not redraw.
Despite is simplistic appearance, the indicator has a sophisticated algorithm for smoothing the signal generated by the price pulse.
- Length - smoothing of the signal that determines the sensitivity of the indicator.
- CountBars - the number of bars to display the signal.