Trend Power Indicator MT4 Download – Free – [TradingFinder]

The Trend Power Indicator is a practical tool in technical analysis that displays both the direction and strength of a trend.

This trading tool uses dynamic moving averages to generate signals for identifying bullish and bearish trends.

Trend Power Indicator Specifications Table

The specifications and features of the Trend Power Indicator are outlined below.

Trend Power Indicator at a Glance

When the Trend Power Indicator consecutively turns blue, it signals a bullish trend. Conversely, when the indicator line turns red, it indicates a bearish trend.

Additionally, when the indicator line forms intermittently above and below candles, it highlights ranging (sideways) market phases.

Bullish Trend Conditions

Based on the EUR/USD chart in the 1-hour timeframe, when the indicator line changes to blue, it reflects the beginning of an uptrend.

In this scenario, the price retracing and touching the midline can be considered a potential entry opportunity for buy trades.

Bearish Trend Conditions

According to the USD/CHF chart in the 30 minute timeframe, when the indicator line changes to red, it marks the start of a bearish trend.

In such conditions, the continuation of the red line reflects the strength of the downtrend, and price retracements toward the midline provide opportunities to enter sell trades.

Trend Power Indicator Settings

The settings section of the Trend Power Indicator is as follows:

• MA_PERIOD: Moving Average period
• ATR_PERIOD: Average True Range period
• ATR_FACTOR: ATR multiplier
• ALERT: Alert activation
• EMAIL: Email notification
• NOTIFICATION: Push notification
• MESSAGE_TIMEOUT: Alert interval
• MESSAGE_SUBJECT: Message subject

Conclusion

The Trend Power Indicator, using Moving Averages and Average True Range (ATR), identifies the direction of price trends.

By dynamically switching its line color between blue and red, it signals shifts in market direction and effectively acts as a buy/sell signal tool.