Trend Percentage: Measuring Bullish and Bearish Bars Over a Period

Summary

This short indicator description explains a simple way to characterize price action: calculate the percentage of bullish and bearish bars within a chosen interval. The user sets a calculation period and an applied price, which determines the price input used in the calculation. The resulting ratio is intended to summarize the balance of rising and falling bars over that interval.

The document gives no formula, threshold, signal interpretation, examples, performance evidence, or guidance for choosing the period or applied price. It therefore introduces the indicator’s basic purpose but does not establish how it should be traded, whether it predicts future returns, or how it behaves across assets and timeframes. A trader would need implementation details and independent testing before using it to make decisions.

Key ideas

• The indicator reports the percentage balance of bullish and bearish bars over a selected interval.
• Its settings include a calculation period and an applied price.
• The description does not specify how to interpret readings as trading signals.
• No formula, examples, or performance testing are provided.

Tags

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