Trend Strength Meter [Eˣ]

📊 Trend Strength Meter - Free Indicator

Overview
The Trend Strength Meter quantifies market momentum with a simple 0-100 score. No more guessing if a trend is strong or weak - this indicator gives you an objective, numerical measurement of trend strength that combines trend direction, momentum, volatility, and moving average alignment into one clear reading.

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🎯 What This Indicator Does

Quantifies Trend Strength:
• Measures trend on a scale from -100 (extreme bearish) to +100 (extreme bullish)
• Combines 4 key components: Trend Direction, Momentum, Volatility, MA Alignment
• Provides objective measurement instead of subjective interpretation
• Works on all timeframes and instruments

Visual Display:
• [color=green]Green Histogram Bars[/color] = Bullish strength (0 to +100)
• [color=red]Red Histogram Bars[/color] = Bearish strength (0 to -100)
• Smooth Overlay Line = Trend direction (filters noise)
• Triangle Markers = Trend reversals (zero-line crosses)
• Background Zones = Visual strength categories

Multi-Timeframe Analysis:
• See strength readings from 3 timeframes simultaneously
• Identify when trends align across multiple timeframes
• "ALIGNED" indicator shows when all timeframes agree
• Spot divergences between timeframes

Clean & Professional:
• Minimal clutter, maximum clarity
• Compact info panel in top-right corner
• No overwhelming indicators or text
• Easy to read at a glance

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📊 Understanding The Strength Scale

Bullish Readings (0 to +100)

[color=green]+75 to +100 - VERY STRONG BULL[/color]
• Extremely powerful uptrend
• All components aligned bullishly
• Best time for aggressive long positions
• Trend likely to continue
• Strategy: Hold longs, avoid shorts

[color=green]+50 to +75 - STRONG BULL[/color]
• Strong uptrend with good momentum
• High probability of continuation
• Quality long setups
• Pullbacks are buying opportunities
• Strategy: Enter longs on dips

[color=green]+25 to +50 - BULL[/color]
• Moderate bullish trend
• Decent upward momentum
• Trend following longs work
• Watch for weakening signals
• Strategy: Ride the trend, trail stops

[color=green]+10 to +25 - WEAK BULL[/color]
• Weak bullish bias
• Trend may be exhausting
• Lower probability setups
• Consider taking profits
• Strategy: Caution, reduce position sizes

-10 to +10 - NEUTRAL
• No clear trend
• Choppy, range-bound market
• Conflicting signals
• Low probability for trend trades
• Strategy: Stay flat or trade ranges

Bearish Readings (0 to -100)

[color=red]-10 to -25 - WEAK BEAR[/color]
• Weak bearish bias
• Trend may be exhausting
• Lower probability setups
• Consider taking profits on shorts
• Strategy: Caution, reduce position sizes

[color=red]-25 to -50 - BEAR[/color]
• Moderate bearish trend
• Decent downward momentum
• Trend following shorts work
• Watch for weakening signals
• Strategy: Ride the trend down, trail stops

[color=red]-50 to -75 - STRONG BEAR[/color]
• Strong downtrend with momentum
• High probability of continuation
• Quality short setups
• Bounces are selling opportunities
• Strategy: Enter shorts on rallies

[color=red]-75 to -100 - VERY STRONG BEAR[/color]
• Extremely powerful downtrend
• All components aligned bearishly
• Best time for aggressive short positions
• Trend likely to continue
• Strategy: Hold shorts, avoid longs

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📊 How To Use This Indicator

Basic Usage

1. Check Current Strength
• Look at the histogram height and color
• Read the exact number in the info panel
• Note the status label (STRONG BULL, WEAK BEAR, etc.)
• Higher absolute value = stronger trend

2. Watch For Reversals
• Triangle markers appear when strength crosses zero
• 🟢 Green triangle up = Bullish reversal signal
• 🔴 Red triangle down = Bearish reversal signal
• These mark potential trend changes

3. Monitor Multi-Timeframe Alignment
• Check if all timeframes show same direction
• "✓ ALIGNED" = All timeframes agree (high confidence)
• "✗ Mixed" = Timeframes disagree (lower confidence)
• Aligned trends have higher probability

4. Observe Strength Changes
• Rising strength = Trend strengthening
• Falling strength = Trend weakening
• Strength near extremes (+75/-75) = Potential exhaustion
• Strength near zero = Indecision/consolidation

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💡 Trading Strategies

Strategy 1: Trend Following
Best For: Capturing major moves
Timeframes: 1H, 4H, Daily

Rules:
1. Wait for strength to reach +50 or higher (or -50 or lower)
2. Check MTF alignment - all timeframes should agree
3. Enter on pullbacks in the direction of strength
4. Hold position while strength remains above +25 (or below -25)
5. Exit when strength crosses back to weak zone or reverses

Example - Long Setup:
• Strength crosses above +50 = Strong bull trend
• All MTF readings positive and aligned
• Wait for minor pullback to support
• Enter long with stop below recent swing low
• Hold while strength stays above +25
• Exit if strength drops below +10 or reverses to negative

Strategy 2: Reversal Trading
Best For: Catching trend changes early
Timeframes: 15min, 1H, 4H

Rules:
1. Watch for strength to reach extreme levels (+75 or -75)
2. Look for divergence (price new high/low but strength declining)
3. Wait for zero-line cross (triangle marker appears)
4. Enter in direction of new trend
5. Use tight stops since you're catching early

Example - Bullish Reversal:
• Strength at -80 (very strong bear)
• Price makes new low but strength only at -70 = Divergence
• Green triangle appears = Zero-line cross
• Enter long on confirmation
• Stop below recent swing low
• Target: Strength reaching +50

Strategy 3: Avoid Bad Trades
Best For: Improving win rate
Timeframes: All

Rules:
• DON'T trade when strength is between -10 and +10 (neutral zone)
• DON'T go long when strength is negative
• DON'T go short when strength is positive
• DON'T trade against MTF alignment
• DO wait for clear strength readings

Why It Works: Most losses come from trading in choppy markets or against the trend

Strategy 4: Position Sizing Based On Strength
Best For: Risk management
Timeframes: All

Rules:
• Strength +75 to +100 or -75 to -100 = Full position size (2-3% risk)
• Strength +50 to +75 or -50 to -75 = Normal position (1.5-2% risk)
• Strength +25 to +50 or -25 to -50 = Reduced position (1% risk)
• Strength -10 to +10 = No trades or minimal size (0.5% risk)

Why It Works: Bigger positions in stronger trends, smaller in weak trends

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⚙️ Settings Explained

Multi-Timeframe Analysis
• Toggle ON/OFF the MTF readings in the info panel
• Turn OFF for cleaner display if you only trade one timeframe

Timeframe 1, 2, 3 (Default: 15min, 1H, 4H)
• Choose which timeframes to analyze
• For day trading: Use 5min, 15min, 1H
• For swing trading: Use 1H, 4H, Daily
• For position trading: Use 4H, Daily, Weekly
• Higher timeframes show bigger picture trends

MA Length (Default: 20)
• Moving average period for trend direction component
• Lower values (10-15): More responsive, more signals
• Higher values (25-50): Smoother, fewer signals
• Recommended: 20 for most styles

ATR Length (Default: 14)
• Period for measuring volatility
• Standard setting works well for most markets
• Recommended: Keep at 14

RSI Length (Default: 14)
• Period for momentum measurement
• Standard setting works well for most markets
• Recommended: Keep at 14

Show Trend Labels on Chart
• Toggle ON to display "BULL" / "BEAR" text at reversals
• Keep OFF for cleaner chart (default)
• Useful when backtesting to see historical signals

Show Reversal Signals
• Toggle triangle markers at zero-line crosses
• Keep ON to catch trend changes
• Turn OFF if you only care about current strength

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🎓 How The Calculation Works

The indicator measures 4 components, each worth 25 points (total = 100):

1. Trend Direction (25 points)
• Compares price to moving average
• Checks if MA is rising or falling
• Perfect score: Price above rising MA
• Minimum score: Price below falling MA

2. Momentum (25 points)
• Uses RSI to measure momentum strength
• RSI > 70 = Maximum bullish points
• RSI < 30 = Maximum bearish points
• RSI near 50 = Neutral points

3. Volatility Alignment (25 points)
• Checks if price moves align with volatility
• Strong moves in trending direction = High score
• Weak moves or counter-trend = Low score
• Uses ATR to measure volatility

4. Moving Average Alignment (25 points)
• Checks EMA 8, 21, and 55 positioning
• Perfect bullish: 8 > 21 > 55 above price
• Perfect bearish: 8 < 21 < 55 below price
• Misaligned = Reduced score

Final Score = Sum of all 4 components (-100 to +100)

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📱 Info Panel Guide

Current
• Shows exact strength number for current timeframe
• Color-coded background (green = bullish, red = bearish)
• Larger number for quick visibility

Status
• Text description of current trend state
• Examples: "STRONG BULL", "WEAK BEAR", "NEUTRAL"
• Quick interpretation without looking at number

Timeframe Readings
• Shows strength for each selected timeframe
• Color-coded for quick reading
• Compare to spot divergences

MTF Alignment
• ✓ ALIGNED = All timeframes show same direction (high confidence)
• ✗ Mixed = Timeframes disagree (proceed with caution)
• Most reliable trades happen when aligned

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📱 Alert Setup

This indicator includes 4 alert types:

1. Bullish Reversal
• Triggers when strength crosses from negative to positive
• Potential trend change from bearish to bullish
• Early warning of new uptrend

2. Bearish Reversal
• Triggers when strength crosses from positive to negative
• Potential trend change from bullish to bearish
• Early warning of new downtrend

3. Very Strong Bull
• Triggers when strength reaches +75 or higher
• Extreme bullish conditions
• Aggressive long opportunity

4. Very Strong Bear
• Triggers when strength reaches -75 or lower
• Extreme bearish conditions
• Aggressive short opportunity

To Set Up Alerts:
1. Click "Alert" button (clock icon)
2. Select "Trend Strength Meter"
3. Choose your alert type
4. Configure notifications
5. Click "Create"

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💎 Pro Tips & Best Practices

✅ DO:

• Trust the extremes - Readings above +75 or below -75 are highly reliable
• Wait for alignment - Best trades happen when MTF shows "ALIGNED"
• Use with price action - Combine with support/resistance for entries
• Respect the neutral zone - Avoid trading when strength is -10 to +10
• Scale position size - Bigger positions in stronger trends
• Watch for divergence - Price new high but strength declining = Warning
• Follow the trend - Don't fight strong readings (±50 or more)

⚠️ DON'T:

• Don't trade neutral readings - Wait for clear strength above ±25
• Don't fade extremes - Very strong trends (+75/-75) can stay extreme
• Don't ignore MTF - Mixed timeframes = Lower probability
• Don't overtrade - Wait for quality setups with good strength
• Don't use alone - Combine with support/resistance and risk management
• Don't expect perfection - Even strong trends can reverse suddenly

🎯 Best Timeframes:
• Scalping: 1min, 5min (fast readings, quick changes)
• Day Trading: 5min, 15min, 1H (balanced view)
• Swing Trading: 1H, 4H, Daily (stable trends)
• Position Trading: 4H, Daily, Weekly (major trends)

🔥 Best Markets:
• Trending markets (crypto, indices, commodities)
• High liquidity instruments (BTC, ES, NQ, EUR/USD)
• Avoid on low-volume stocks or exotic pairs

⏰ Works Best When:
• Market has clear direction
• Good volatility (not too choppy, not too quiet)
• Multiple timeframes aligned
• Away from major news events

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🚀 What Makes This Different?

Unlike subjective trend analysis, the Trend Strength Meter:

• Objective Measurement - No guessing, exact numerical score
• Multi-Component - Combines 4 factors, not just one indicator
• Multi-Timeframe - See alignment across timeframes instantly
• Clean Visual - Professional display, easy to interpret
• Actionable - Clear signals for entries, exits, and position sizing
• Universal - Works on all timeframes and instruments
• Proven Components - Based on trend, momentum, volatility, MA alignment

Perfect For:
• Trend followers who want confirmation
• Swing traders seeking high-probability setups
• Risk managers wanting to size positions properly
• Anyone tired of subjective "is this trend strong?" questions

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📈 Common Patterns To Watch

Pattern 1: The Steady Climb
• Strength gradually rises from +25 to +50 to +75
• Indicates building momentum
• Trade: Hold longs, add on pullbacks

Pattern 2: The Quick Spike
• Strength jumps from 0 to +75 in few bars
• Indicates explosive momentum
• Trade: Enter quickly, but expect pullback

Pattern 3: The Exhaustion
• Strength at +80, price new high, strength drops to +70
• Bearish divergence forming
• Trade: Take profits, prepare for reversal

Pattern 4: The Whipsaw
• Strength oscillates between +10 and -10
• Choppy, range-bound market
• Trade: Stay flat, wait for breakout

Pattern 5: The False Breakout
• Strength briefly crosses +50 then drops back
• Weak momentum, trend not confirmed
• Trade: Wait for sustained strength above +50

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📈 Upgrade Your Trading System

This free indicator quantifies trend strength objectively. Want more?

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📝 Important Notes

• This indicator measures trend strength, not direction alone
• Strong readings don't guarantee continuation (manage risk)
• Always use with proper stop losses
• Combine with support/resistance analysis
• Test on demo before live trading
• Past performance doesn't guarantee future results
• Adjust settings to match your trading style

Disclaimer: For educational purposes only. Trading involves substantial risk. Always do your own research and never risk more than you can afford to lose.

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🙏 Support This Work

If this indicator helps your trading:
• ⭐ Give it a thumbs up
• 💬 Share your best strength-based trades in comments
• 🔔 Follow for more free professional tools
• 🚀 Share with traders who need objective trend analysis

Questions about trend strength? Drop a comment and I'll help!

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Developed with ❤️ for traders who want objective, quantified analysis

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Version History
• v1.0 - Initial release with 4-component strength calculation and MTF analysis