This indicator is a two line cross indicator. It searches for a specific occurrence where the current high price is larger than the last high price and is also larger than the high price a specified number of periods in the past. The same goes for the low. It looks similar to the Aroon indicator but doesn't work the same way. They may be both used in conjunction. Buy and Sell signal are given by the crossing of the Longsignal and ShortSignal Lines. With this indicator you will be able to colorize canbdles according to the trend. You may also receive alerts when the shjort and long lines are crossing.
Ehler's Precision Trend Indicator (EPTI), developed by John Ehlers, is a technical analysis tool designed to identify market trends with high accuracy and minimal lag. John Ehlers is known for his work on applying digital signal processing techniques to technical analysis, and the Precision Trend Indicator is one of his innovative contributions aimed at improving the detection of price trends in financial markets.
The LeMan Trend Indicator is a trend-following tool commonly used in trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView. This is why we developed it for the Ninjatyrader 8 platform. It is designed to help traders identify market trends by generating buy and sell signals based on price movements. This indicator works best as a support tool to other main indicators, serving as a signal filter to refine entry and exit points.