This trend indicator, titled "Trend Waves: Inline or Deviation From Trend ", is a customizable trend-following oscillator designed to analyze and visualize deviations from a chosen trend length across different time frames. Users can enable or disable oscillators based on different lengths (10, 20, 30, 40, and 50) and customize their color settings for more clarity. Each oscillator computes the the trend's direction and strength using a predictive statistical model of the price movement and highlights potential trend following and trend reversals based on the crossover and crossunder conditions.

The indicator supports multiple time frames and allows traders to adjust the oscillator's transparency or color to compare different lengths simultaneously, making it useful for both longer-term trend analysis and short-term scalping strategies. It also features a zero-line option, where users can toggle its visibility and choose between a solid or dotted line for added visual emphasis.
This indicator provides context for price action.