What is TRENDFORCE indicator?
TrendForce is an unbounded oscillator based only on price indications. It will allow you to identify areas of weakness and strength on a trend.
The principle is simple:
– Signal > 0: high probability of Bull trend
– Signal < 0: high probability of Bear trend
How to use it ?
To use this indicator, you have two parameters to set:
– FORCE: this parameter adjusts the force of the signal. The higher the setting, the stronger the signal will be.
– SMOOTH: you can smooth the signal to erase the noise. The higher this parameter is, the less noise there is.
– SCALPING : If activated, it can be used with low timeframes, and ticks.
Examples of Trend following
NASDAQ100 – 5 Minutes – Middle/Long Trend
USD/JPY – 1 Minute – Middle/Long Trend
Apple – 15 Minutes – Long Trend
Total Energies – 15 Minutes – Long Trend
Aluminium – 15 Minutes – Long Trend
US Light Oil – 5 Minutes – Middle/Long Trend
Examples of Scalping Mode
NASDAQ100 – 1 Minute – March 09, 2023
Dow Jones 30 – 100 Ticks – March 15, 2023
DAX40 – 5 Minutes – March 16, 2023
Important : don’t forget that wrong signal can be also good trading signal !
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