Trend Average (Expo)

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 candlesticks based on the trend strength.
The user can choose between different average calculations, such as SMA, WMA, HMA, 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

Daily chart

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!

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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/strategies/ideas are only for educational purposes!

ACCESS THE INDICATOR

• Contact me on TradingView or use the links below

版本注释

Improvements!