It is a trend indicator designed to display long waves that are generated by price.
It shows an incipient trend and has very few false signals.
Perfectly applicable on m15 m30 H1 H4.
Simple settings from 2 periods, display in the form of a histogram. The indicator is very simple and informative!
It can be combined with the local wave indicator - CarrotRed.
https://www.mql5.com/ru/market/product/68006
Together use makes it possible to trade in a trend with a very short stop.