Apologies if this has been posted here already but I could not find it on Forex-Station! This is the Ultra Trend Smoothed indicator by Mladen which includes extra features like MTF Interpolation, limit bars and choice of smoothing parameters.

Upon testing, as a trend trading indicator it gives traders the ability to simply see the trend at just a glance but oddly enough, seems to work just as well for counter-trend trading if combined with a trend-reversal tool like the RSI or Chaos Visual Averages.

Thanks to Mladen and Mntiwana.