Trend Trading Indicator Market Phase Index
Trend Trading Indicator Market Phase Index is designed to determine the phases trend и flytrap based on the amplitude of the price and crossing bars.
The signals of the Market Phase Index indicator are interpreted as follows:
- if the indicator values are higher than 0.4 - it is recommended to use trend strategies;
- if the indicator values are below 0.4 - it is recommended to use flat strategies.
Trend Trading Indicator Market Phase Index can be most useful for advisors in identifying favorable or unfavorable conditions for trading based on their strategies. It is recommended to consider the indicator values at higher timeframes.