Trend indicator. The indicator displays the lines and compares direction of two moving averages: Moving Average and Slope Direction Line. If the indicator lines coincide, the price chart displays colored candles.
It has six input parameters:
MA period - Moving Average calculation period
MA method - Moving Average calculation method
MA applied price - Moving Average calculation price
SDL period - Slope Direction Line calculation period
SDL method - Slope Direction Line calculation method
SDL applied price - Slope Direction Line calculation price
If Moving Average and Slope Direction Line are directed upwards:
If the candle is bullish, it is colored in green.
If the candle is bearish, it is colored in light-green
If Moving Average and Slope Direction Line are directed downwards:
If the candle is bearish, it is colored in red.
If the candle is bullish, it is colored in light-red
In any other case, colored candles are not drawn.
_Slope Direction Line indicator is not required - it is calculated by the indicator independently.
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