Indicators

Trend Strength

Developer: MooMooForex

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!

INPUTS

The following are inputs available in the application:

  • MA Periods – The number of periods (bars or ticks) to use to calculate the moving average.
  • Averaging Method – The type of moving average. The indicator supports the following five calculation methods:
    • Exponential Moving Average (EMA)
    • Linear Weighted (LWMA)
    • Simple (MVA)
    • Smoothed (SMMA)
    • Wilders (WMA)
  • Sensitivity – The number of periods (bars or ticks) to use for the calculation of the trend. The lower the number, the more sensitive the calculation is.
  • Add Yellow – Highlight the areas where the trend strength is weak with extra yellow shading to make it easier for the user to recognize.
Risk Disclaimer

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.

Requirements

This indicator is only compatible with FXCM Trading Station Desktop software. Additionally, an FXCM account is required (including free FXCM demo accounts).

Forex Capital Markets, LLC. (“FXCM LLC”) is an independent legal entity and is not affiliated with John Colonna or MooMooForex. MooMooForex is not owned, controlled, or operated by FXCM LLC and John Colonna is not an employee, agent or partner of FXCM LLC.

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