Trend Average (Expo) measures the overall trend strength and how strong the current price move/momentum is. The color of the average helps to identify the strength and momentum of the trend.
- The user can enable Bar Color that coloring the candlesticks based on the trend strength.
- The user can choose between different average calculations, such as SMA, WMA, HMA, to mention a few.
This indicator is for those that don’t want to have the Trend Oscillator (Expo) but still want to keep track of the trend strength and direction. There is a minor difference in how the trend is calculated due to the nature of input variables.
HOW TO USE
- Identify the trend strength and direction
- Identify current momentum
INDICATOR IN ACTION
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