This indicator shows the direction of the slope of an EMA.
*When the indicator shows green, it means the slope is positve.
*When the indicator shows red, it means the slope is negative.
*When the indicator shows blue, it means the slope is zero (very unlikely to happen).
This indicator could be useful to find out for how long a trend has been active without the need of checking every point of an EMA to assure is following the trend.
*When the indicator shows green, it means the slope is positve.
*When the indicator shows red, it means the slope is negative.
*When the indicator shows blue, it means the slope is zero (very unlikely to happen).
This indicator could be useful to find out for how long a trend has been active without the need of checking every point of an EMA to assure is following the trend.