Trend Indicator

A Simple indicator combining 3 of the most popular Oscillators RSI, MacD and Momentum to help see reversals or the continuation of a trend. Designed with the BTCUSD chart in mind but there's not reason it shouldn't work on any other asset.

The indicator has two main parts:
- The gray area at the top between the purple dotted lines is 3 RSI's in one (5, 13, 34) These have been moved up from the RSI's original position to avoid cluttering the MacD and make the lines easier to read. Just like with the regular RSI the lower dotted line indicates oversold and the top dotted line indicates an overbought condition.
To identify this more easily the background changes to green when the middle (13 period) RSI is oversold and red when it's overbought.
*Note* On some very small timeframes the position may need to be adjusted in order to make them easier to see.

This section of the indicator is designed to give early warning signs of markets reversing by the faster white line with confirmation from the orange and green lines.

- The bottom section of the indicator has two parts. The first is a modified MacD which is slightly longer term than the original. This is to act as confirmation or entry/take profit points on divergence or if either of the lines within the MacD crossover or the histogram goes from one color to the other. The histogram is also helpful for trend-following as it lets you gauge if the momentum is gaining or losing strength.

The last part of the indicator is simply a momentum line to indicate in which direction the momentum is heading. It's designed as a confirmation of the other indicators and shouldn't be used on it's own.

All individual indicators that make up the trend indicator have been tweaked slightly to use numbers from the fibonacci sequence rather than the originals.

This indicator is best used in combination with volume and moving averages.
- Look for reversals on low volume near a moving average or key historical point.
- Look for breakouts on high volume if the oscillators line up.

릴리즈 노트:

Minor update adding the ability to multiply the MacD & Momentum by a value. To make it more visible or fit alongside the RSI better.