Gann_Multi_Trend indicator defines a short, middle and long-term trends.
It has four inputs:
Short term period – short-term trends calculation period;
Medium term period – mid-term trends calculation period;
Long term period – long-term trends calculation period;
Deviation (*).
* Deviation is used to separate the lines of short, middle and long-term trends. It is a distance between the lines in points.
Trend defining principle:
If the current maximum is above the maximum value in the Period range, and the current minimum is above the minimum value in the Period range, then the trend is upward;
If the current maximum is below the maximum value in the Period range, and the current minimum is below the minimum value in the Period range, then the trend is downward;
