The Trend Sign indicator is a modification of the MACD (Moving Average Convergence Divergence) indicator, which allows you to determine the direction and strength of the trend, as well as the trend change.

The indicator is built on two moving averages – fast and slow, and 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, as the line itself can suddenly change color and direction.

The “Inputs” tab of the indicator allows you to select for each moving average:

• Period (Fast Period, Slow Period);
• moving average smoothing method (Simple, Exponential, Smoothed, Linear weighted);
• the applicable price (Close, Open, High, Low, Median, Typical, Weighted).

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

• fast period – the number of bars used to calculate the fast moving average;
• fast method-select the smoothing method for the fast moving average;
• fast applied price-select the applied price for the fast moving average;
• slow period – the number of bars used to calculate the slow moving average;
• slow method-select the smoothing method for the slow moving average;
• slow applied price-select the applied price for the slow moving average.