Ukendt

Direction&Strength Indicator


This simple Indicator shows:
(1) The Direction of a trend
(2) The Strength of a trend
hence the name "Direction & Strength Indicator.

How to read this Indicator:

Indicator above "resistance area" => strong UP trend
Indicator above 0 .................. => weak UP trend

Indicator below 0 .................. => weak DOWN trend
Indicator below "resistance area" => strong DOWN trend

Notice that this is a time-lagging indicator. Severity of timelag depends on set period of the indicator!
You can also identify overbought and oversold areas. (Tip: Compare to RSI .)
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