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Indicators: PowerTrend

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Automated-Trading
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PowerTrend:

PowerTrend indicator determines trend power and direction.

The histogram location on a current bar relative to zero is determined to get current market trend direction. Histogram bar color indicates trend power. Presence of the black color only implies that a trend is very weak or is absent.

Red color implies that a new trend is emerging. Addition of the blue color to the histogram bar shows moderate trend and the green color points to strong accomplished trends.

Author: Nikolay Kositsin

PowerTrend indicator

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