Long moving averages can sometimes be used to tell us the trend direction – is the price above or below the moving average? However, that isn’t enough – how do we determine the trend strength? What about the number of bars that have been above or below the moving average?
Well, the Trend Strength indicator shows you just that, and by utilizing color shading in its drawing it is easy to see the strength of the trend and not just the direction – all at a glance.
Simply choose your moving average calculation method from the available list, the number of periods for your moving average, and the sensitivity of your trend calculation and you are ready to go. Why not add two or three for different time-frames to serve as confirmations! With this indicator, it’s easy!
The following are inputs available in the application:
The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).
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