Here's an interesting indicator I picked off at the TS forum. It's a slightly modifed version of the heikin ashii indicator.

So What Does It Do?

If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color.

50% range = Average True Range

It really depends on how you want to use it. This can be applied on multiple timeframes. Its a great way to visually see the trend of the market.

Screenshot is attached.

[nicknextmove]

Cool - I like the Heikin Ashii trend too since I am a fan of Hubert.
I watch his free videos almost every day.

I created his workspace by watching his videos and by getting the indicators from the TS forums.

I have attached both, in case someone is interested. Import the ELD first and then the workspace.

[Soultrader]

What indicators are the ELD file? Is it the TTM Indicator?

[nicknextmove]

It is the TTM trend and the _BB Sqeeze.

[Soultrader]

Thanks nick. Is it just me or do you find the coloring a little weird? Im getting a mixture of green, blue, and red. Is this normal?

[nicknextmove]

The _BB Squeeze? - yes you will get green blue and red.

Here is the video where Carter explains how to use that indicator (they call it Squeeze Indicator):

The Squeeze Indicator

Here is the video of the TTM trend:

Trend Indicator

[Soultrader]

Hi Nick,

I meant the TTM Trend. Im getting a mixed green bar with the blue and red bars. Is this the case for you?

I attached a pic.

[Soultrader]

hahaha my mistake. I just needed to set my charts to bar charts instead of candlesticks. Oops