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The trend indicator is based on points and lows with an ATR to account for market volatility.
We obtain a channel where the price oscillates with exits from the channel which indicates over-bought and over-sold us an average here 200 for the bottom trend can be modified as well as the Type.
I have attached buy or sell signals to this indicator which manifest following the underlying trend as well as the change in color of the channel.
On this example I set the color according to the direction and short and the direction and long.
As you can see from the pictures, the signals at H4 are very clean.
I added the bollingers in order to show you that the signals here are much better filtered in H4 than with the bollingers.
the indicator is sufficient on its own, but you are free to add it to shorter UTs to refine your entry points
(42) The trend indicator – YouTube
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