Trend Filter

2016년 1월 16일

The indicator paints the bar colours based on the average open and average close for past N days.
if average close is above average open, the bars are coloured green, otherwise they are coloured red

It can be used as a general trend filter on weekly, daily bars. even on intraday timeframes, this would work well and give a sense of the current trend direction.

2019년 4월 21일

릴리즈 노트

Added the Moving Average Plots and an additional arrow whenever there is a trend change.