This is an indicator that includes a which helps identify trends with the addition of the signal line being coloured dependant upon being either or (above/below the signal line).
AUDNZD on the 4HR Time Frame
**ON THE CHART INDICATORS**
- In the Top Panel we have this indicator our version of Accumulation and Distribution with an added to Identify a trend in ACC / DIST a little easier and earlier.
- On the Chart we have the Chart version of the Berlin Range Index which changes the Candle Colour to match the conditions of the indicator.
- Below the chart we have our panel version of the Berlin Range Index.
- In the Bottom Panel we have our action locator tool which is also extremely powerful at identifying ranging markets and trends.
**MASTERS OF TRADING**
Many Thanks and Trade Safe!
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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.