Trend-State Indicator with Six Direction and Strength Categories

Summary

This indicator description explains a chart overlay that classifies the current trend into six states: strongly up, up, uncertainly up, strongly down, down, and uncertainly down. The two uncertain states are described as pullbacks or consolidation associated with a prior trend. A single input, the calculation period, controls the indicator. The document identifies it as a signal-oriented modification of a trend indicator with the same name, but provides no formula or rules for how the states are calculated.

The description is conceptual rather than a tested trading strategy. It includes no market, timeframe, entry or exit rules, performance evidence, or guidance for position sizing. The uncertain-down explanation refers to a rollback or consolidation after an uptrend, leaving its precise relationship to a downtrend unclear. Traders would need to inspect the underlying implementation and validate the classifications on their own data before using the marks as signals.

Key ideas

• The indicator labels trend conditions with six directional and strength states.
• Its states include strong, ordinary, and uncertain readings for both upward and downward conditions.
• The uncertain labels are associated with pullbacks or consolidation after a trend.
• The calculation period is its only stated input.
• The description provides no formula, 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.