Impulse Trend Arrows

This indicator is a volatility-normalized momentum + trend state tool designed to provide a clean “market regime” read: UP / DOWN / NEUTRAL, with optional visual confirmation on the chart. Works on collection of clasic indicators RSI, EMA + ATR and some simple math.


🧭 Trend state behavior
When a new BUY/SELL impulse is confirmed, the script updates a persistent trend state (“BUY”, “SELL”, or “NONE”).
That state stays active until the opposite confirmed impulse appears.

✅ Visuals & Usage
Made some minor, mostly visual upgrades on this release:
Baseline + ATR bands are smoothed for cleaner visuals.
Optional BUY/SELL arrows are plotted outside the channel to avoid overlap with channel.
Optional full-chart background shading reflects the current trend state:
Green = UPTREND
Red = DOWNTREND
A minimal top panel shows the current regime (UP / DOWN / NEUTRAL).

I also recently added this channel smoother parameter (for Dragon Channel), if you want it to have less spikes on those MAs just use the bigger number, I picked 8 for default.