Advance Trend Pressure: Candlestick-Based Trend Strength
Summary
Advance Trend Pressure is a technical indicator intended to show both the direction and strength of a price trend. Its calculation uses candle bodies and shadows, combining price differences such as the open-to-close move with distances between the high or low and other candle prices. The indicator can also display separate bullish and bearish components alongside its main trend line.
The available description names two settings: a calculation period and an option to show the component lines. It gives no formula, parameter guidance, chart examples in readable form, or empirical performance results. As a result, it explains the indicator’s inputs and general interpretation but is not enough to reproduce the calculation or establish whether its signals are predictive. Traders would need to assess it on their own instruments and timeframes, accounting for the usual limits of price-derived indicators.
Key ideas
- The indicator aims to represent trend direction and strength.
- Its calculation considers candlestick bodies and shadows.
- A setting controls the calculation period.
- Bullish and bearish component lines can be shown separately.
- The description provides no performance evidence or full calculation formula.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.