Labor is a technical analysis indicator that determines the direction and strength of the trend, as well as signals a trend change.

The indicator is based on a modified EMA (Exponential Moving Average) with an additional smoothing filter.

The indicator can work on any timeframe.

The uptrend is shown in the blue color of the indicator line, and the downtrend is shown in red.

You can close a short position and open a long one when the line color changes from red to blue.

You can close a long position and open a short one when the line color changes from blue to red.

In this case, you should use a small stop loss to protect against false signals.

The Inputs indicator tab allows you to select:

• indicator period;
• the degree of the anti-aliasing filter.

The Colors indicator tab allows you to select the color, thickness, and style of the indicator line.

• period – the number of bars used to calculate the indicator;
• filter – the degree of the anti-aliasing filter.