Shows the direction of the bars on all major timeframes.
The meaning of the visual signals ( squares):
- Red : Close price is lower than the Open price: Close < Open;
- Green : Close price is higher than the Open price: Close > Open;
- Blue : Close price is equal to the Open price: Close = Open;
You can set the Shift of the calculated bar, relative to the current bar:
- Shift = 0: the direction of the currenttly open (floating) bars,
- Shift = 1: the direction of the last closed bars (previous),
- Shift = 2: 2 bars away from the current, and so on...
This indicator:
- Helps to see the overall market trend;
- Useful when trading binary options;
- Useful for finding corrective movements;
The Indicator opens in a separate window:
- The window can be moved to any place on the chart: drag anywhere;
- The window can also be minimized to save space: [^] button;
In the settings of the indicator, you can configure:
- Dark / Light interface theme;
- Interface Size Multiplier;
- Font size;
The program file must be placed in the " Indicators " directory.
