Indicator Development

Now that I have more time I will be actively developing new indicators for market analysis. This indicator below changes both the bar and the background color ot the chart for easy visual reading of market trend – green for up and red for down. My goal is to make the chart easier to read in all time frames. Naturally, we want to trade in the direction of the trend of the longer timeframe while using the shorter timeframe for entry and exits. The current trend is down on the daily timeframe. Click chart to enlarge.