Power Trend by Atilla Yurtseven
Power Trend is the indicator that i have developed for myself and would like to share with you.
Power Trend automatically detects High / Low points and draw trend lines. If you have a look at the graph, you can simply draw a line over last 2 points to combine them and see the trends current state. You can also change High and Low points' sources. I often use Horizontal trend lines by selecting "close" for both High and Low sources.
I also love to use Horizontal Trends. They usually shows breakouts. Expect a breakout when lines are close to each other.
Remember; this is a lagging indicator. If there is a point in the current bar, indicator will draw it after 2 bars!
Disclaimer: All the information in this article, including the algorithm/indicator, was provided and published for informational purposes only and should not be considered legal or financial advice.
Happy trading :)
Atilla Yurtseven
Power Trend automatically detects High / Low points and draw trend lines. If you have a look at the graph, you can simply draw a line over last 2 points to combine them and see the trends current state. You can also change High and Low points' sources. I often use Horizontal trend lines by selecting "close" for both High and Low sources.
I also love to use Horizontal Trends. They usually shows breakouts. Expect a breakout when lines are close to each other.
Remember; this is a lagging indicator. If there is a point in the current bar, indicator will draw it after 2 bars!
Disclaimer: All the information in this article, including the algorithm/indicator, was provided and published for informational purposes only and should not be considered legal or financial advice.
Happy trading :)
Atilla Yurtseven
Release Notes:
Updated version of Power Trend indicator
I know Kung-Fu!