Trend Average (Expo) measures the overall trend strength and how strong the current price move/momentum is. The color of the average helps to identify the strength and momentum of the trend.
- The user can enable Bar Color that coloring the based on the trend strength.
- The user can choose between different average calculations, such as , , , to mention a few.
This indicator is for those that don't want to have the Trend Oscillator (Expo) but still want to keep track of the trend strength and direction. There is a minor difference in how the trend is calculated due to the nature of input variables.
HOW TO USE
- Identify the trend strength and direction
- Identify current momentum
INDICATOR IN ACTION
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements.Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
Copyright by Zeiierman.
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My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
- Momentum Alerts Added
- Trend Bg Color Added
- Trend Alerts Added
Access my indicators at: http://zeiier-man.com
Master List: https://1drv.ms/w/s!AieB89nHkQXVa2j_ZCKpATEp1T0?e