The TPI (Trend Probability Indicator) tells you if the trend of an asset-class or commodity is bearish or bullish.
It has values that range from -1 to +1, where -1 is bearish, and +1 is bullish.
Values between -0.2 - 0.2 are neutral, and we expect market to be ranging and mean reverting at that TPI score.
The TPI works on all timeframes above the 4H timeframe. I use it to manage a modern portfolio where I use longs and shorts. Here is how I try to mitigate my risk, and maximize my profits by for example reading when ETH will out/underperform BTC.