The First Indicator we are going to look at is the Altrtrend. This indicator is a simple channel breakout system which uses a part of the range subtracted from the Highs and added to the Lows to form the channel. Price above this channel is defined as an uptrend and price below the channel is defined as the downtrend. The transition points are plotted as dots. The funny thing is the plotting point is controlled by the ADX value. Anyway the indicator itself is very prone to whipsaws and prone for lags. As a standalone indicator it is not very useful. This has to be used in conjunction other indicators.
Altrtred in Amibroker
Altrtrend in Metatrader