In practice, this indicator uses EMAs and Heikin Ashi to provide an overall idea of the trend.
- The "Trend Indicator A-V2" is an overlay showing “Smoothed Heikin Ashi”.
- The "Trend Indicator B-V2" uses the same values in a different way to measure the momentum of the trend and identify potential trend rejections.
Please, take into account that it is a lagging indicator.
-Replaced the "colour schemes" feature by a "base color inputs" feature (user friendly, easy to customise)
-Switched the title names to English for a better understanding
-Minor script optimisation
-changed ma_period defval_smoothing to 7
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.