Trend Sight indicator shows the percentage change in the moving average of the current bar to the next selected the bar and allows you to monitor smooth pace of price changes, as well as the strength of the trend and a change of trend.
Upward trend shown in blue indicator line, and a downward trend – red.
Close short positions and go long as possible when the line color changes from red to blue.
Close long positions and go short as possible, when the line color changes from blue to red.
Thus it is necessary to use a small stop loss, as the line itself may suddenly change color and direction.
Tab indicator “Inputs” allows you to choose:
- smoothing period moving average;
- method of smoothing moving average (Simple, Exponential, Smoothed, Linear weighted);
- applied price (Close, Open, High, Low, Median, Typical, Weighted);
- displacement of the moving average of the current bar to the other bar selected.
Tab indicator “Colors” enables you to select the color, thickness and style of the indicator line.
- period – period moving average;
- method – smoothing method (Simple, Exponential, Smoothed, Linear weighted);
- applied price – applied price (Close, Open, High, Low, Median, Typical, Weighted);
- shift – the displacement of the moving average of the current bar to bar, separated by a Shift.
Note: If Shift is less than 1 or more Period, you will get a warning: “. Error values Shift Indicator will use the Shift = Period”.
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