PROTECTED SOURCE SCRIPT
Trend Power Index [Fournier-Eaton]
Trend Power Index measures the power of a given trend relative to its past strength.
Note: Parameters may be changed to account for low cycle times and high volatility
As always, please make any suggestions you might have or share problems or successes. Any feedback is helpful.
- Increasing values indicate strengthening of an upward trend or weakening of a downward trend
- Decreasing values indicate strengthening of a downward trend or weakening of an upward trend.
- Crossing zero is a confirmation of trend initiation in the respective direction
Note: Parameters may be changed to account for low cycle times and high volatility
As always, please make any suggestions you might have or share problems or successes. Any feedback is helpful.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.