ZenTrend Price Cycles

ZenTrend attempts to plot the cycles that occur as the price cycles between the top and bottom of long- and short-term price linear regression channels.

The indicator observes a fast (35-period) and a slow (100-period) linear regression channel and plots their slopes on an oscillator. When the slope of the fast channel crosses above or below the slope of the slow channel, a signal is plotted.

• The red line is the slope of the fast channel; blue is the slope of the slow channel
  
• A green dot and background indicates the slope of recent price action has crossed above the slope of long-term price action.
  
• A red dot and background indicates the slope of recent price action has crossed below the slope of long-term price action.
  
• A gray dot indicates the slope of recent price action is slowing. The difference between the long- and short-term slopes is narrowing.
  

Here are things I look for when observing price cycles

• Where does the cross occur? Crosses high above or below the 'zero line' indicate a more extreme change in price channel slopes.
  
• Flat line: crosses that occur while the lines are flat often indicate chop.
  
• "Curve" of the line - a cross that occurs as the slope lines are starting to curve up/down indicates a sharper and more extreme change in price channel slope.
  

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Updated chart and parameter names

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Added optional display of LRSI crosses

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Bull/bear background color is now based on indicator slope. I'm finding this to be more accurate than basic crosses.