The indicator draws bull and bear lines of a trend on the basis of iFractals indicator’s data from the nearest extremum to the last fractal broken down.
When this fractal is broken down, the line becomes permanent till a new extremum appears.
Input Parameters:
inpClrBull=clrGreen; Color of the trend’s bull line;
inpClrBear=clrRed; Color of the trend’s bear line.
This indicator can be interpreted as follows:
“Pass-Through Cross” line crossing.
Candle closing above both lines: “Bull Trend”.
Candle closing above both lines: “Bear Trend”.
Candle closing between the lines, “Pass-Through Cross” on the left side: “Flat”.
Candle closing between the lines, “Pass-Through Cross” on the left side: “Triangle of Uncertainty”.
