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Traditional Itrend

Traditional Itrend

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Author: Andrew & Conversion: Dr. Gaines

Trend indicator with a multitude of settings. Displays the direction (red) and strength (blue) of the trend as a two-colored histogram. The main signals are the crossing of the zero line, reaching a new high/low, divergence.


If the red graph is greater than zero and grows - go bullish (if at the same time the blue graph is less than zero and falls - the uptrend is getting stronger)

If the red graph is less than zero and falls - go bearish (if at the same time the blue graph is greater than zero and grows - the downtrend is getting stronger)



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Salvador
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