TrendStrength Uses Oscillator Direction to Define Market Trend

Summary

TrendStrength is described as an indicator for identifying the broad direction of a market trend. Its rule is to use the direction in which an oscillator moves as the criterion for deciding whether the current trend is rising or falling. The indicator’s value represents the speed of price change in points, so the document frames it as a measure of movement rather than simply a price level.

The text says the indicator was first implemented in MQL4 and later published in a code library. It also notes that its MQL5 implementation relies on a separate smoothing library and points readers to an explanation of averaging price series. No formula, parameter choices, chart interpretation, trading rules, or performance results are provided here. As a result, the document introduces the indicator’s intended signal, but does not establish how reliably it identifies trends or how it should be combined with risk controls.

Key ideas

• The indicator classifies the broad trend using the direction of oscillator movement.
• Its value is expressed as the speed of price change in points.
• The MQL5 implementation depends on a separate smoothing library.
• The document gives no performance evidence or detailed trading rules.

Tags

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