This indicator is fast at identifying trend reversals!!
The Trend Analyzer indicates when the current trend has changed, if the trend is choppy and the trend direction.
When you see the histogram above and below the zero line at the same time the current price move is not very strong. The plotted line indicates price direction. Notice how accurate the signal is even through the chop!
Now we have the option to view the swings with the Bollinger band. In the above picture I have identified every location that the indicator touched the Bollinger bands with an up or down arrow. Depending upon your trading style there is a maximum of 15 points or 8 points/trades (June 8,2009).
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