Varma's Trend Indicator (Advanced Multi-Filter Swing)

It is an advanced trend-following indicator that uses smoothed Heikin-Ashi data instead of raw price to filter market noise and highlight high-quality trends.

The script calculates a normalized Trend Score (-100 to +100) based on the strength of the Heikin-Ashi candle body relative to its range, giving a clear view of momentum quality—not just direction.

Key Features

Heikin-Ashi trend engine with EMA/ALMA/ZLEMA smoothing

Multi-filter confirmation: Slope, ATR volatility, Dead-Zone, HTF momentum proxy, ADX/DI, and RSI

Two-stage signals:

BUY / SELL → early swing detection

BUY✔ / SELL✔ → momentum-confirmed entry

Color-coded trend ribbon (Green = Bullish, Red = Bearish)

Best Use
Designed for trending markets (Forex sessions, indices, high-volume stocks).
Lagging by design—focuses on probability and trend quality, not scalping.

Tip: If the ribbon flips often, enable the Dead-Zone or ADX filter to avoid sideways markets.