Trend Line © MBY_LAB

Hello.
This indicator uses the intersection of the moving average to output a trend line.

In general, the price at which the moving average crosses is interpreted as a meaningful point.

This indicator can be used by anyone.

This indicator outputs three lines.
1. Intersection
This intersection is marked by a horizontal line and can be used as an appropriate stop loss section.

2. Trend line (upper)
This trend line reflects the trend line that reflects the maximum increase. In general, a breakout of this trend line means that the medium-term trend has been broken.

3. Trend line (lower)
This trend line reflects the trend line with the largest decline. In general, a deviation from this trend line is interpreted as a dead cat.

4. Color
The green color appears at the golden cross of the moving average, and the black color appears at the dead cross.

リリースノート:

version updates.