The Advance Trend Pressure indicator shows the trend direction and strength line. It can additionally show the bullish and bearish components of the trend.
Trend is determined using Close-Open, High-Close and Open-Close price (for a bearish candlestick) and Open-Close, High-Open and Close-Low prices (for a bearish candlestick) – i.e. the indicator uses the size and direction of candlestick bodies and the size of their shadows.
It has two parameters:
Period – indicator calculation period;
Show lines Up and Down – showing the lines of the bullish and bearish components.
Fig.1 Trend direction and strength line.
Fig.2 Trend direction and strength line with the lines of bullish and bearish components.
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