Phoenix Trend Strength Meter
- Indicators
- Version: 1.1
- Updated: 14 September 2026
This is an actively maintained release, rebuilt and expanded for current MT5 builds.
Seeing that a market is trending is easy. Judging whether that trend still has real conviction behind it, or is running out of steam, is harder to read from price alone.
Phoenix Trend Strength Meter combines ADX-based trend strength with RSI-based directional conviction into a single Regime Line on your current chart, with alerts when that regime changes or shows signs of exhaustion.
How it reads market conviction
- ADX strength gauge, classified as "Weak," "Moderate," or "Strong," with configurable thresholds and period
- RSI-based conviction gauge across five zones
- The Regime Line, summarising both readings in one place
- Regime-change and exhaustion alerts, each with an independent cooldown
Use Phoenix Trend Strength Meter to:
- Confirm a trend has real strength behind it before entering
- Get an early warning when trend conviction starts to fade
- Filter out weak or directionless conditions before committing to a setup
How to use it
1. Attach to any chart.
2. Check the Regime Line before entering, not just the raw ADX or RSI value alone.
3. Enable regime-change and exhaustion alerts so a shift doesn't go unnoticed.
Installation
Download from the MQL5 Market and attach to any chart.
Requirements
MetaTrader 5 build 3280 or higher. Works on any symbol and timeframe.
Who it's for
Traders who want a quick, single-chart trend and conviction read get everything they need from this free version. Traders who trade multiple timeframes and want to check alignment between them before entering should look at Phoenix Trend Strength Suite, which extends this same methodology with a five-timeframe grid and hierarchy check.
Important Notes
This indicator analyses trend direction and strength from historical price data. It does not predict future price movement or guarantee trading outcomes.
Feedback & Reviews
If the Regime Line earns a place on your chart, a review from the Reviews tab above helps the next trader find it.
Support
Questions or a setup issue? Message me via MQL5 Private Message; we reply personally to every message.
Developed by Phoenix Global Investments Ltd.
© 2025 Phoenix Global Investments Ltd. All rights reserved.
