Experience the rising star in technical analysis: "Trendilo," an indicator that is gaining significant popularity among traders. Leveraging its unique approach, Trendilo swiftly identifies price trends by calculating the percentage change and applying the smoothing power of ALMA (Arnaud Legoux Moving Average).
Through the integration of ALMA and a root mean square (RMS) band, Trendilo provides a comprehensive understanding of market dynamics. By evaluating the expected range of ALMA values, it offers insights into whether the trend is upward, downward, or moving sideways.
The indicator line serves as an intuitive color-coded guide, highlighting the trend direction. Furthermore, it provides a hidden plot signal (-1: Red, 0: Gray, 1: Green) that can be seamlessly integrated into your automated trading strategies.
Embrace the power of Trendilo and unlock a new level of precision in trend identification. Stay ahead of the market with this cutting-edge indicator at your disposal.
NinjaTrader 8, SharkIndicators Bloodhound 1 or 2, and SharkIndicators Blackbird 1
Prices presented above are per Single Machine.
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