Trend Waves

Trend Waves indicator is a trend indicator that uses Average True Range and Standard Deviation indications. It is aimed to find more healthy trends with this indicator. This indicator can be used alone as a trend indicator.

Detailed review

• 4 different trend colors appear on this indicator. 
• The aqua color represents the rising trend.
• Dark aqua color means the train is getting weaker.
• pink color represents the downtrend trend.
• The dark pink color  means the trend is weaker.

Parameters

• Stdeviation - Standard deviation period setting
• Stdev shift - Standard deviation shift setting
• Atr - Average True Range period setting
• AtrFactor - Average True Range calculation setting