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Direction&Strength Indicator

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This simple Indicator shows:
(1) The Direction of a trend
(2) The Strength of a trend
hence the name "Direction & Strength Indicator.

How to read this Indicator:

Indicator above "resistance area" => strong UP trend
Indicator above 0 .................. => weak UP trend

Indicator below 0 .................. => weak DOWN trend
Indicator below "resistance area" => strong DOWN trend

Notice that this is a time-lagging indicator. Severity of timelag depends on set period of the indicator!
You can also identify overbought and oversold areas. (Tip: Compare to RSI.)

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.