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This simple indicator helps defining the most probable trend direction, its duration and intensity, as well as estimate the possible range of price fluctuations.
You can see at a glance, at which direction the price is moving, how long the trend lasts and how powerful it is.
All this makes the indicator an easy-to-use trend trading system both for novice and experienced traders.
Parameters
- Period – averaging period for the indicator calculation.
- Deviation – indicator deviation.
- Lag – calculation base (number of bars).
Indicator buffer numbers
0 – BUY signal, 1 – SELL signal, 2 – upper level, 3 – lower level.
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