Description
⋅ //Indicator for trend identification (based on position of moving averages)
//Editor - balance.
//21/05/2017
count1 = 0
count2=0
upcount=0
downcount=0
lma = Average[longma](close)
sma = Average[shortma](close)
increase = sma>lma
decrease=lma>sma
while (increase[count1]) do
upcount =upcount +1
count1=count1+1
wend
while (decrease[count2]) do
count2 = count2+1
downcount=downcount-1
wend
UPtrend = upcount > unitsforthetrend
DOWNtrend= downcount < -unitsforthetrend
v=0
if (uptrend)then
v=1
elsif (downtrend)then
v=-1
else
v=0
endif
a=0
return v coloured(0,0,0)as "trend line",a coloured(255,0,0)as "zero line"