Simple Trend AM
- 지표
- Andriy Matviyevs'kyy
- 버전: 10.0
The presented indicator allows you to visualize the current trend.
The indicator identifies the trend using the following definition as an algorithm:
- A trend is a situation when each subsequent maximum price rise is higher/lower than the previous one, and similarly each subsequent maximum price fall is higher/lower than the previous one;
- The beginning of a new trend is considered to be when the current maximum/minimum overcomes all maximums/minimums of a specified number of previous bars.
The indicator colors the bars according to the identified trend.
The indicator does not repaint.
Configurable parameters:
- Trend_Length - the number of periods for determining the trend;
- Style - the price used to identify the trend.