The “Indigo” trend indicator is based on:
- based on the analysis of short-term and long-term periods, which are set in the parameters,
- and also their changes relative to each other
Readings of the indicator greater than zero indicate a bullish trend in the market, less than zero – a bearish one. Values close to zero indicate the absence of a trend, i.e. a flat.
- SlowPeriod – the desired period for a long-term trend
- FastPeriod – the desired period for a short-term trend