Unveiling Strong Trends with the Adaptive Trend Finder on CAC40
Hello fellow traders,
Today, I want to discuss one of my favorite tools for identifying robust short-term and long-term trends on the CAC40 using TradingView—the Adaptive Trend Finder (log). This tool employs a highly effective method based on Pearson correlation, allowing for a nuanced analysis of market trends.
Located in the middle of the chart in gray, you'll find an indicator representing the strength of the long-term trend channel. On the right side in yellow, the indicator displays the strength of the short-term trend channel. These visual cues provide valuable insights into the momentum of the market over different time horizons.
I encourage you to take a moment to examine and interpret the signals you observe on this chart. What are your thoughts on the current market direction? Feel free to share your analysis and insights in the comments below. Let's engage in a constructive discussion about the potential trading opportunities presented by these trend indicators.
Happy trading!
Today, I want to discuss one of my favorite tools for identifying robust short-term and long-term trends on the CAC40 using TradingView—the Adaptive Trend Finder (log). This tool employs a highly effective method based on Pearson correlation, allowing for a nuanced analysis of market trends.
Located in the middle of the chart in gray, you'll find an indicator representing the strength of the long-term trend channel. On the right side in yellow, the indicator displays the strength of the short-term trend channel. These visual cues provide valuable insights into the momentum of the market over different time horizons.
I encourage you to take a moment to examine and interpret the signals you observe on this chart. What are your thoughts on the current market direction? Feel free to share your analysis and insights in the comments below. Let's engage in a constructive discussion about the potential trading opportunities presented by these trend indicators.
Happy trading!