Key Features of the Indicator

Trend Strength

1. Overall Trend Strength Measurement:
   • Calculates the overall strength of the market trend, helping traders determine if the market is in a strong or weak trending phase.
2. Visual Representation:
   • Plots a line on the chart indicating the strength of the trend, with color coding for easy identification of strong and weak trends.
3. Threshold Line:
   • Includes a customizable threshold line to help identify significant trend strength levels.

Positive Trend Direction

1. Uptrend Detection:
   • Identifies and highlights periods of positive (bullish) market direction.
2. Visual Representation:
   • Plots a green line on the chart to indicate positive trend direction, allowing traders to quickly see when the market is trending upwards.
3. Labels and Alerts:
   • Displays labels on the chart indicating the presence of an uptrend, providing clear signals for potential trading opportunities.

Negative Trend Direction

1. Downtrend Detection:
   • Identifies and highlights periods of negative (bearish) market direction.
2. Visual Representation:
   • Plots a red line on the chart to indicate negative trend direction, allowing traders to quickly see when the market is trending downwards.
3. Labels and Alerts:
   • Displays labels on the chart indicating the presence of a downtrend, providing clear signals for potential trading opportunities.