Trend Strength Identifier
Trend Strength and Sideways Indicator
Identify trending and sideways conditions with incredible accuracy for Stock, Futures, Forex
Whether a beginner or experienced trader you already know that one must trade differently if in a sideways/choppy market or a strong trending market. Oscillators don't oscillate in a strong trend and trend indicators show entries that only lead to whipsaw in a sideways market. The charts all look different afterwards.
It's been said that if one could identify a sideways market in realtime - as it’s occurring -they would have "the holy grail". The new Proindicators.com Trend Strength Identifier will show if the symbol you’re trading is trending or sideways!
NOTE screenshots below:
When the histogram and the line are below the blue threshold line they becomes gray indicating a sideways/choppy conditions. When above the blue threshold line they become either green or red – deepening on the direction of the trend – indicating trending conditions. The higher they are the stronger the current trend.
This indicator works on the TradeStation 8.1 platform and is closed code. We'll request your TradeStation customer ID# upon purchase in order to customize the the indicator for your platform.
Staff Notice:
This is the Closed Code, Open Code version is here:
Trend Strength Identifier for Tradestation 8.X (Open Code)
Installation Notes, Extra Information and Download/Mirror Links
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Contributed by VladimirM
