Indicator for determining the trend.

The indicator combines two functions - measuring the strength of an existing trend and its short-term forecast, that is, you can not only assess how strong the existing trend is, but also see the expected continuation of the trend line.

The indicator for determining the trend bases its work on such a popular script as Moving Average , that is, the calculations use the same Moving Average, a tool proven over the years for analyzing historical data on price movement.

After you add the indicator to the desired chart, two lines will appear:

• Green line - forecasts the trend; it is extended a little further than the trend line of the currency pair quote .

• The colored line is a more complex tool; a change in its color should alert the trader to a weakening or strengthening of the existing trend.

It is assumed that blue indicates an uptrend, red indicates a downtrend, and gray serves as a signal for a reversal. You can get a complete picture of the color correspondence by independently observing the behavior of the trend indicator.

The tool has a lot of additional parameters that allow you to increase work efficiency; you will find their decoding and configuration recommendations in the archive along with the script itself.

Recommendations for use.

When opening a transaction, we focus on both lines, for example, the green line indicates the continuation of the downward trend, and the colored line is colored red - we open a short position .

It is best to enter the market when the existing trend changes, since this is the approach that allows you to get the greatest profit.

Download the Indicator for determining the trend .