HVR Trend Strength Indicator Uses Consecutive-Bar Price Ratios
Summary
HVR is described as a trend-strength indicator whose initial input is the ratio of the current bar’s price to the previous bar’s price. The description identifies the basic data relationship used to begin its calculation, but does not provide the remaining formula, parameter choices, interpretation thresholds, or instructions for trading from its values.
The entry attributes the indicator to an author and says it was first implemented in MQL4 and published in a code library on a stated date. It includes a figure reference, but no readable figure or performance results in the supplied text. As a result, this is only a brief description of the indicator’s premise; it does not establish how well HVR measures trend strength or how it should be combined with other signals and risk controls.
Key ideas
- HVR is presented as a measure of trend strength.
- Its initial calculation input is the current bar’s price divided by the previous bar’s price.
- The description omits the full formula and guidance for interpreting values.
- No evidence of trading performance is provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.