Custom indicator that follows the trend. Almost finished
Hello! This is Hige Danshaku (Baron Beard).
One of the two prototypes for the custom indicator I talked about in my very first blog is complete!
The concept of this custom indicatoris to suggest a trend following approach.
Rather than an overbought/oversold signal common to oscillator-type indicators, this is a custom indicator that suggests trend continuation, so it is recommended for traders who prefer trend-following trades.
As shown in the image, when a red triangle appears on the rising trend line as a boundary, and a light blue triangle appears when a falling trend is followed.
Also, when the trend begins to reverse, the triangles stop appearing inside the yellow box, and gradually disappear.
There are suggested parameters, but once you get used to it you can also customize to your preferred values.
This visually very easy-to-understand custom indicatoris offered for free, so please give it a try at least once.
Currently in the final stage of completion and will be refined to be easy to use even with default settings.
Please try it once after it’s finished!