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MACD Trend Count Score

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This indicator is designed to confirm potential future trends in an asset’s price by analyzing the MACD histogram in the past. It works by counting positive and negative MACD bars within the selected chart timeframe to calculate a Strength Index, which reflects the past trend direction and intensity.

Summarizing the predominance of positive or negative bars across higher timeframes in the past such as daily, weekly, bi-weekly, and quarterly, it provides insight to anticipate how the trend may evolve in upcoming periods, according to the predetermined range scales Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish and Strong Bearish.

Additionally, a dedicated module linked to the strength index is optimized for short-term charts (2-minute, 5-minute and 15-minute timeframes), making it a valuable tool for day trading strategies.

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