Trend Power Index [Fournier-Eaton] — Indicator by BradfordFournier

trendanalysis oscillator divergence trend strength fournier-eaton

Trend Power Index measures the power of a given trend relative to its past strength.

Increasing values indicate strengthening of an upward trend or weakening of a downward trend
Decreasing values indicate strengthening of a downward trend or weakening of an upward trend.
Crossing zero is a confirmation of trend initiation in the respective direction

Note: Parameters may be changed to account for low cycle times and high volatility

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