A popular trend indicator based on ATR. Similar to the SuperTrend but uses a different trend's identification logic.
I am publishing a disclosed code without license. Remember that in the future you may see a lot of paid IO scripts called BuySellScalper, Trend Trader Karan, Trend Trader and etc (by other authors) which will be based on this script. I found the same script on Ebay for $10 with a free shipping. Beware, always check and follow one Russian wisdom: "Do not pay for something you can get for free".
Release Notes
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Replaced arrow icons with built-in triangles due to the issue with fonts
@everget can you also furnish me with the details of prices being below the reference line or visa versa or being on top of the colored areas?
everget
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@Zaff34, should be ok from now. Reload your chart with the indicator
Zaff34
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@everget, Thank you I will try and information you
Zaff34
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@Zaff34, Yes I can see the arrows now. Thanks for your efforts.
Maybe I am repeating myself but I have to know if prices being below the reference line or visa versa or being on top of the colored areas mean anything or not?
Can you tell how should I interpret/read this indicator?