AbleTrend1 (AT1) is the market "direction" indicator. It shows trend direction by colors, when the market changes to or stays in an up-trend, the bars become or remain BLUE. When the market changes to or stays in a downtrend, the bars become or remain RED. When the market goes sideways or is not strong on either side, the bars become or remain Green. AbleTrend1 indicator can work with any time bar charts.
"RISK" (Trade Signal Performance Control) level of AbleTrend1 can be changed from 1 to 20. "1" is the most sensitive with minimum delay and "20" is the least sensitive. The default value of RISK is 10. Under normal conditions, the default setting should be your first choice. You may adjust the "TSPC" level by click Format, Indicator and change the input parameters from the Format Analysis dialog box.
The paint-bar size is the same as your chart bars. From Format, Symbol, you may change the Weight of bars. The paint-bar color can be changed to your preference. Click Format, Indicators, and click Color to change the color of the bars.
There are total four signal modes in AbleTrend1. Details of the modes are listed in follows:
MODE 0 – Classical blue bars and red bars.
MODE 1 - Classical blue bars and red bars with Significant Trend Change (STC) signals.
MODE 2 - Classical blue bars and red bars with AbleTrend1 Long Term signals (LT). This is the default mode.
MODE 3 – All signals of MODE 0, 1, and 2.