Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=2164
Forum: 17 · Topic 2164 · 2 post(s)
Apprentice · Tue Sep 14, 2010 10:07 am

The indicator distinguishes three different situations. Up and Down trend and the absence of a trend, when the closing price is in the channel, which consists of moving averages of High and Low values.
Furthermore Swing within the trend, are colored with different colors.
Apprentice · Mon Feb 05, 2018 7:46 am
The Indicator was revised and updated.