Trendoscope 4

The original trend indicator. Most of the time value
lie in the interval from -2 to +2. The indicator is displayed in a separate
box in the form of three lines. The higher value of the indicator, the stronger
upward trend. The lower the value, the stronger the downward
trend. The distance between the lines can be interpreted as
rate volatility. The indicator has one input parameter -
Period. It indicates the number of bars for analysis.