ColorZerolag Moving Average Trend Strength from Standard Deviation

Summary

This indicator adds a three-level trend-strength display to the ColorZerolagX10MA moving average. It calculates the indicator's standard deviation and compares it with two user-set thresholds. When deviation falls between the thresholds, a small dot appears in the color of the current trend direction; when it exceeds the upper threshold, the dot becomes larger. No dot signals the weakest level.

The document explains how to interpret the visual markers but gives no entry or exit rules, market examples, or performance evidence. The dots describe direction and relative strength according to the indicator's calculation, so the note does not establish that they predict future prices. It also mentions a required auxiliary library for the platform implementation, a setup detail rather than a trading validation.

Key ideas

• The indicator overlays trend-strength markers on a zero-lag moving average.
• Standard deviation thresholds determine whether markers are absent, small, or large.
• Marker color follows the indicator's current trend direction.
• The document provides no trading rules or evidence of predictive performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.