Chande–Kroll Stop Indicator for Visualizing Trend Strength

Summary

This document introduces an indicator described as showing trend power through a colored cloud. Strong trends appear blue and weak trends appear gray, providing a visual distinction in the indicator display. The document also notes that an earlier implementation was made in MQL4 and published in a code library, but it gives no description of the calculation behind the colors.

The material offers a basic interpretation of the display, not a complete trading method. It does not specify how trend strength is measured, what thresholds separate strong from weak conditions, or how a trader might use the cloud to enter or exit positions. No chart evidence, parameter recommendations, or performance results are included, so the colors should not be treated as validated signals based on this description alone.

Key ideas

• The indicator displays trend power as a colored cloud.
• Blue denotes a strong trend, while gray denotes a weak trend.
• The document gives no calculation method or thresholds for these classifications.
• It provides no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.