Trend Indicator with Arrows

Trend Indicator with arrows is a NoBrainer indicator to see the trend clearly.

UpTrend is defined as a candle closing above previous high. I

DownTrend is defined as a candle closing below previous low

A consolidation is defined as a candle closing inside previous candle high low.

UpTrend - Indicated with a green arrow below the candle with the current indicator.

DownTrend - ndicated with a red arrow above the candle with the current indicator.

So How to use this Indicator?

Identify zones of consolidation where the indicator doesn't show any arrows. Upon shift from consolidation to UpTrend or DownTrend take a entry. This is one way.

Second and most useful way is wait for Support or resistant hit.

If it's a support. Upon support hit wait for Consolidation, DownTrend and then UpTrend/(Consolidation again with uptrend) for long entry.

If its a resistance. Upon resistance hit wait for Consolidation, Uptrend and then DownTrend/(Consolidation again with DownTrend) for short Entry.