What is this indicator?
Plotted based on ATR, it shows trend direction and a dynamic stop-loss zone as a colored line below or above price. A change in the line's color is usually treated as a trend-change signal.
How to read the chart
When the indicator's main line takes on a clear direction, it usually confirms the market's dominant trend in that same direction; crossovers and changes in slope are the main points of focus.
Practical tip
It's best to use this indicator alongside a momentum indicator so that both trend direction and trend strength can be measured.