I thought I'd share my new trend indicator for anyone to use.
The indicator tracks the in the market and plots this accordingly. Any plot above the zero line is a signal and anything below the zero line is a signal.
Long and Short Entry points are indicated at the 10 and -10 values respectively. A value of over 40 , or under -40 indicates a strong trend.
Possible entry and exit points are also highlighted on the chart.
I've added alerts onto this indicator highlighting possible entry and exit points as well as when strong trends are developing and when they are over.
This is intended to be used with your own indicators and/or analysis of the market and should be used carefully.
I personally like to use this indicator for entry on the one hour chart and then drop down to the 15 minute chart to confirm my entry and to use that timeframe for my exit.
Please feel free to forward any improvements that you'd like to make.
This has a default value of 20/-20.
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Content on how to use the indicators can also be found on there.