This Indicator Will Help You Identify Uptrend, Downtrend, and Sideways Market

Recently found out about an indicator called GRaB Candles. It plots the high, low, and close of the 34 ema on your chart. This type of EMA is fairly popular among day traders.

I thought it would be interesting to share it here. Above the 34EMAs = bullish. Below the 34EMAs = bearish. In-between the 34EMAs = Choppy

For ThinkorSwim users, you can get the indicator here: https://usethinkscript.com/d/190-simpler-trading-s-grab-candles-indicator-for-thinkorswim

Happy to hear any suggestions regarding using this indicator to trade. So far it looks pretty nice on paper but not sure how it'll do when live trading.