Trend strength classifier

Classifier of pattern power. It doesn’t change the readings on the historical past. The classification of solely an unclosed bar is modified.

In idea, it’s just like the entire ASCTrend system, the sign module of which, or reasonably its approximation in a considerably “stripped down” type, is freely out there, in addition to within the terminal as a SilverTrend sign indicator.

An actual copy of the ASCTrend system shouldn’t be. Works on all devices and all time ranges.

The indicator makes use of a number of uncorrelated algorithms to categorise the pattern, decide the vary of volatility and the boundaries of the pattern change channel.

The classifier can be utilized as a foundation for constructing varied buying and selling methods.

• For methods of following the market, for instance, as a determinant of entry factors and for assessing the scenario of holding/constructing positions, figuring out the degrees of transferring stops.
• For methods with predictions of value habits – as a seek for entry factors with minimal danger and affirmation of the event of the market scenario in accordance with the forecast.

A great foundation for handbook buying and selling. It may be utilized in Skilled Advisors and different indicators.

An in depth description of the buffers will probably be out there to consumers.