"Trend strength" is usually used on oscillators. But we also started using it on a non-oscillator types of indicators. This is one of them
This version :
It is using Ehlers' deviation scaled moving average as a basi value fro trend strength calculation. The value is displayed on the main chart (the trend strength as well as the DSMA value too)
You can use the color change as signals
PdfMA based awesome oscillatorPdfMA MACD
Probability density function based MA MACD
TrendStrength EMA variationLarry Williams' Variable Accumulation Distribution (WVAD) Indicator
This is Larray Williams's Variable Accumulation Distribution, used in volume analysis.