Trend Strength M Indicator
Trend Strength M is a part of a series of indicators used to characterize market conditions.
Almost any strategy only works under certain market conditions.
Therefore, it is important to be able to characterize market conditions at any time: trend direction, trend strength, volatility, etc.
Trend Strength M is an indicator to be used to characterize trend strength:
- Up extremely strong
- Up very strong
- Up strong
- No trend
- Down strong
- Down very strong
- Down extremely strong
Trend Strength M is based on a combination of various standard indicators.
Trend Strength M easy to read information about trend direction.
The indicator has no input parameters. It is ready to be used directly in you chart without any optimization.
You can customize color and size of points displayed with the color tab of the indicator.
The indicator can be used with any class of asset: Forex, Equities, Commodities, Futures.
The indicator works with any timeframe.