Trend Lord trend-following indicator displays the current market trend in a separate window.
It has two configurable parameters:
Calculation:
TrendLord = LWMA(MA, PeriodSQRT)
where:
PeriodSQRT = SQRT(Period)
MA - LWMA(Applied price, Period)
An upward trend is colored green, while a downward one is colored red. The flat movement is colored gray.
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