TrendPower: Comparing Moving Averages of Candle Highs and Lows
Summary
TrendPower is described as a trend indicator built by comparing simple moving average levels calculated from candle highs and lows. It uses six lookback lengths, ranging from 10 to 60 periods, to characterize the current candle’s trend context. The description identifies the indicator’s original implementation as an MQL4 publication from 2007.
The document provides only a brief conceptual description and a figure reference; it does not specify the exact comparison formula, signal thresholds, interpretation rules, or how a trader should enter or exit positions. It also offers no market tests or performance evidence. The indicator can therefore be understood as a multi-horizon moving-average comparison concept, but the source is insufficient to reproduce or evaluate a complete trading strategy. The surrounding app and website text is promotional boilerplate rather than instructional material.
Key ideas
- TrendPower compares simple moving averages derived from candle highs and lows.
- The indicator uses six lookback horizons between 10 and 60 periods.
- The description frames the comparison as a way to represent trend conditions.
- No precise signal rules, trading strategy, or performance evidence are provided.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.