Trend identifier oscillator is a trend/flat identifier.
There are five inputs:
MA period – averaging ΠΠ period
MA applied price – averaging ΠΠ calculation price
Signal period – signal line period
Deviation period – deviation calculation period
Deviation factor
One of the possible interpretation methods:
If the signal line is inside the deviation corridor, then we can assume that the market is flat. If it is outside, the market is in a trend.
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