We are glad to provide you the indicator called Palka which task is to show us the direction of a trend. It is placed in the section Indicators – Levels – Palka
and at the chart it looks like that:
Settings of the indicator
PPeriod – what number of candles we will take for the analysis and creation of the trend line.
The method of determination of a trend consists in carrying out the line on the level of closing of the last candle and the candle n.
It gives the chance to accurately see the direction, forces and a tilt angle of the current trend. If the trend line shows that a trend is up, then it is necessary only to buy, as shown at the pic. below:
The Palka indicator can be used together with any oscillators for filtering signals. We wish you high profit.