Trend Channel

This Trend Channel is designed to simplify how traders view trends, while also keeping track of potential shifts in trends with signals. It is designed for traders that prefer less over more.

The indicator can be used for trend following, trend reversals and confirmation in combination with price or other indicators.

At the core is one EMA and a smoothed volatility based channel around it.
The purpose of the channel is to avoid false signals on trend reclaim or trend loss and instead identify trend deviations.
The indicator also incorporates long and short EMA cross-over signals to recognize possible shifts in trend without having to overlay multiple EMAs and keep the chart cleaner.

Additionally the indicator fires warnings for potential false signals on golden/death crosses with a letter "W" above/below the signal candle. Those warnings are based on the distance between price and the crossover. When the distance is above a certain threshold the indicator fires a warning that price might mean revert.

Traders can customize all inputs in the settings.