Trend indicator. The indicator displays the lines and compares direction of two moving averages: and Slope Direction Line. If the indicator lines coincide, the price chart displays colored candles.
It has six input parameters:
MA period – Moving Average calculation period
MA method – Moving Average calculation method
MA applied price – Moving Average calculation price
SDL period – Slope Direction Line calculation period
SDL method – Slope Direction Line calculation method
SDL applied price – Slope Direction Line calculation price
If Moving Average and Slope Direction Line are directed upwards:
If the candle is bullish, it is colored in green.
If the candle is bearish, it is colored in light-green
If Moving Average and Slope Direction Line are directed downwards:
If the candle is bearish, it is colored in red.
If the candle is bullish, it is colored in light-red
