TrendPower - trend strength indicator
TrendPower - trend indicator for market As its name implies, it measures and shows us the different phases and strength of the price movement - from the beginning to the conclusion.
Since the trends are especially clearly displayed on higher timeframes, then TrendPower will be especially effective on them. The reversal of the indicator shows a change in the trend, the particular strength of which begins after crossing the midline. It is worth noting that when approaching the 0 TrendPower indicator a slight correction of the trend is possible.
Commentary from ForTrader.org: We found this indicator very interesting, so we recommend to take a closer look at it.