this is a test version of KR_Trender. pls test and provide feedback. this is not a final indicator (yet).
pls see full post here
https://nexusfi.com/stocks-etfs-trading/21886-how-do-you-define-bullish.html
RedK
quick update to V3b.. still experimental and awaiting tester's feedback 
1. Fix Typo (HL3 to HLC3), the calculation was correctly using HLC3.
2. trender will be yellow in the "no-trend" zone. Cyan when positive trend detected, and Magenta when negative trend is detected. you can still trade the no-trend zone, beside being more risky and unconfirmed, profit won't be as high as within a confirmed trend.
3. added an optional "weight factor" for the fast price action. this serves to magnify the short-term move vs the longer term trend (can be set to equal weight =1 in the study options)
my kids call this "the Rainbow" - so it's aka Rainbow Trender ..
all the best,
RedK
Category The Elite Circle
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