Trend Power Indicator MT4 Free Download | Forex Indicator Download - MetaTrader 4 Resources - MetaTrader 4 Resources
The Trend Strength Indicator is a practical tool for technical analysis showing the direction and strength of a trend.
This trading tool uses dynamic moving averages to generate signals that identify bullish and bearish trends.
Trend Power Indicator Spec Sheet
The specifications and functionality of the Trend Strength indicator are summarized below.
| Indicator categories: | Signals and Forecasts MT4 Indicators Trading Aids MT4 Indicators Moving Average MT4 Indicators |
| Platforms: | MetaTrader 4 Indicators |
| Trading Skills: | Elementary |
| Indicator Types: | Inverse MT4 Indicator |
| Time frame: | Multi Time Frame MT4 Indicators |
| Trading Style: | Day Trading MT4 Indicators Scalper MT4 Indicators |
| Trading Tools: | Stock Market MT4 Indicators Cryptocurrency MT4 Indicators Forex MT4 Indicators |
Trend Power Indicators at a Glance
When the Trend Strength indicator turns blue continuously, it indicates a bullish trend. On the contrary, when the indicator line turns red, it indicates a bearish trend.
Additionally, it highlights the sideways market phases as the indicator lines form intermittently above and below the candle.
bullish trend conditions
According to the EUR/USD 1-hour chart, when the indicator line turns blue, it signals the start of an uptrend.
In this case, a price retracement and touching the midline can be seen as an opportunity for a potential entry buy trade.
Bearish trend conditions
According to the USD/CHF 30-minute chart, when the indicator line turns red, it signals the beginning of a bearish trend.
In this case, the continuation of the red line reflects the strength of the downtrend, with price retracement toward the midline providing the opportunity to enter a sell trade.
Trend Power Indicator Settings
The setup section of the Trend Strength indicator is as follows:
- MA_PERIOD: moving average period
- ATR_PERIOD: average true amplitude period
- ATR_FACTOR: ATR multiplier
- ALERT: Alert activation
- EMAIL: Email notification
- NOTIFICATION: Push notification
- MESSAGE_TIMEOUT: Alert interval
- MESSAGE_SUBJECT: Message subject
Conclusion
The trend strength indicator, using Moving Averages and Average True Range (ATR), determines the direction of the price trend.
By dynamically switching the line color between blue and red, it signals a shift in market direction and effectively acts as a buy/sell signaling tool.
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