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Colored trend Indicator

Colored trend indicator advanced is a trend indicator that is based on Fast Moving Average and Slow Moving Average and also uses RSI and Momentum to give a trend strength in percent. It is aimed to find more healthy trends with this indicator. This indicator can be used alone as a trend indicator.


Colors

  1. (Default) Green = Uptrend
  2. (Default) Red = Downtrend
  3. No color = No trend, no good trend


Indicator Parameters

  • WarnPosTrendchange: Warns you when the trend may change.
  • FullColor: See screenshot.
  • Signal Period: the number of bars used for the indicator calculations.
  • Slow MA period: Period for the slow moving average.
  • Fast MA period: Period for the fast moving average.
  • MA method: Default is EMA (Exponential moving average).
  • ColorUpTrend: Color for bullish trend.
  • ColorDownTrend: Color for bearish trend.
  • RsiPeriod: Period for the RSI indicator.
  • RsiPriceAPLL: Price type used for RSI indicator.
  • MomentumPeriod: Period for the Momentum indicator.
  • MomentumPriceAPLL: Price type used for Momentum indicator.
  • StrongnessPercent: 100 is good for low timeframes. When using higher timeframes, use a smaller number. It is possible to enter more than 100% but I do not recommend it.
  • StrengthRounding: Round trend strengths at 5 percent (18% becomes 15%, 3% becomes 0%, 78% becomes 75%, etc.).
  • ShowSpread: Show Spread label on chart.
  • ShowServertime: Show Server time label on chart.
  • renewTimeMilliSec: Refresh time for spread and server time in milliseconds.
  • LabelColor: Color for spread and server time label.
  • Works on all timeframes.
  • Works on all currencies.

Default parameters are optimized for low timeframes (EURUSD M5). To use the indicator on a higher timeframe, you have to adjust the parameters.

If you have any questions, feel free to ask.

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Pavel Zamoshnikov
4.85 (13)
The indicator very accurately determines the levels of the possible end of the trend and profit fixing. The method of determining levels is based on the ideas of W.D.Gann, using an algorithm developed by his follower Kirill Borovsky. Extremely high reliability of reaching levels (according to K. Borovsky  - 80-90%) Indispensable for any trading strategy – every trader needs to determine the exit point from the market! Precisely determines targets on any timeframes and any instruments (forex, met
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Version 1.1 2018.03.01
# Strength of the trend is reflected in percentage through RSI, Moving averages and ATR
# Possible to display server time and spread
# Warning when trend may change
# More possibilities to adjust optical colors and shapes
# ...