Trend Determiner

This article concerns an indicator under development. Please leave your comments if you wish.

Finding the trend on a chart can be subjective. The trend determiner indicator examines the chart for you and reveals what the current trend is based on objective criteria. Using the trend determiner you can easily tell if you are trading with the trend or against it. It also identifies those times when the market is not trending. Theoretically, you could trade with the trend when the trend is strong and fade the trend when the market is range-bound. A comment is placed in the top left corner of the chart detailing the current trend.

This indicator has three trend types bullish, bearish, and sideways.  It also qualifies trends as being confirmed or suspect.

The post Trend Determiner appeared first on, الفوركس بالنسبة لك.