Trend Strength Indicator
Platform: MT4 Type: Trend Last update: September 25, 2024The Trend Strength Indicator for MT4 does precisely what its name suggests – it measures the strength of the trend of the chosen asset. A trader can adjust his trading intentions according to the dominant trend. Trading in the direction of the trend is low-risk strategy.
Closer look on the Trend Strength Indicator
With the help of the Trend Strenght Indicator one can determine whether the market is on uptrend, downtrend, or ranging. The gauge has two rows: for the uptrend and for the downtrend. There are also ten columns with arrows and percentages ranging from 10% to 100%. As the trend progress, the indicator places more arrows in reference to trend strength. Take a look at the example chart:
Scope of the trend strength
- Weak trend: 10% to 40%
- Medium to strong trend: 50% to 80%
- Extremly strong trend: 90% to 100%
Strong Uptrend Example
In the example below, one can see a strong ongoing uptrend. The indicator readings go up to 100% – it means an extremely strong bullish trend, and a trader should look only for buy trades.
Strong Downtrend Example
In the example below, one can see a strong ongoing downtrend. The indicator readings go up to 90% – it means an very very strong bearish trend, and a trader should look only for sell trades.
