Up/Down Trend Marker

2020년 8월 1일

A simple indicator of trend by using 3 EMAs of multiplies of 2, 5 and 10, filtered by standard positive/negative directional movements (DM) which are the base of Average Directional Index (ADX).
The "Trend Strength" option is included to set the EMA multipliers and also the variation between DM+ and DM- which interpret the trend as a weak or a strong one.
Note that the markers only point to almost the beginning of the trends and just change the direction when the opposite trend is detected.
Feel free to send me your opinions.

2020년 8월 24일

릴리즈 노트

Added another filter based on Renko Chart idea with brick size calculated from ATR (Average True Range)