One of my favorite indicators is the trend-band. It changes color based on the trend, and you can use it as a factor for better analysis. The default period value is 34, and you can choose to show or hide the sub-band (the gray one).
How do I use it? I use the trend-band to identify and trade retracements, and the sub-band for potential profit-taking points. I usually use it with multi-timeframe analysis to find a good entry.
Release Notes
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Alert added. From now you can set an alert each time the price touches the bands.