Here, the trail line is used instead of the signal line. Trail is the line that is distanced from the current price no more than the trailing length. If free forex ticker download difference between the price and the trail line is less than the trailing length, then the trail line does not move.
The trail line is a good filter with a delay by price and not by time, unlike the signal line. Calculated as the difference between the fast and the slow trail. Since this is an oscillator, there is no ticker line on the chart. The change of the TrailCD line direction can serve as a trading signal. In another version, the signal is the zero line crossing. Type of the chart: histogram with green and red colored bars. Trend continuation factor2 This indicator is created to determine the trend and its direction.
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