Trend identifier oscillator is a trend/flat identifier.
There are five inputs:
- MA period – averaging ΠΠ period
- MA applied price – averaging ΠΠ calculation price
- Signal period – signal line period
- Deviation period – deviation calculation period
- Deviation factor
One of the possible interpretation methods:
If the signal line is inside the deviation corridor, then we can assume that the market is flat. If it is outside, the market is in a trend.
Similar MetaTrader Trading Tools:
