Power trend - trend strength indicator

Power trend - indicator oscillator type, i.e. indicating overbought and oversold market.

In spite of the similarities Power trend indicator, it represents the processed data Moving Average indicator four different periods, which are indicated by histograms of different colors, which period is respectively more or less than 2 times.

Work with Power trend indicator can be on the breakdown of the zero line or on the divergence with the price.

Power trend - trend strength indicator

Commentary from ForTrader.org: Power trend is worth attention, but it should be remembered that these are moving averages that require additional verification.

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