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Trend Power Index [Fournier-Eaton]
PROTECTED SOURCE SCRIPT
Trend Power Index [Fournier-Eaton]
By BradfordFournier
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Jun 9, 2021
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Trend Power Index
measures the power of a given trend relative to its past strength.
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.
Divergence
fournier-eaton
Oscillators
strength
trend
Trend Analysis
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This script is published closed-source and you may privately use it freely.
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BradfordFournier
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