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Bottom Up - Slope Trend Detector

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Slope Trend Detector by Bottom Up

This indicator is a simple slope trend detector which highlights clearly current market bias.

It uses an EWMA to get a smoother moving average on which to identify the trend by monitoring the slope. EWMA reduces noise and gives a more reliable trend reading.

It isn't subject to repaint and sends an alert whenever the trend changes.

It shows two moving averages simultaneously, a faster one and a slower one, whose periods can be customized by the user, to have a clear reading of the current market condition, allowing to distinguish retracements from long-term structural changes.

Add to chart. Turn on alerts. Happy trading!

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