Trend Power Indicator MT5 Download – Free – [TradingFinder]

The Trend Power Indicator is a key tool in technical analysis used to identify both the direction and strength of market trends.

This tool uses dynamic moving averages to generate signals for detecting bullish and bearish market conditions.

Trend Power Indicator Specifications Table

The specifications of the Trend Power Indicator are as follows.

Trend Power Indicator at a Glance

When the Trend Power Indicator line turns blue, it signals a bullish trend; conversely, when the line turns red, it indicates a bearish trend.

In addition, if the indicator line forms intermittently around the candles, it signifies a ranging or sideways market phase.

Bullish Trend Conditions

Based on the 30-minute XAG/USD (Silver vs. US Dollar) chart, when the indicator line turns blue, it reflects the beginning of a bullish trend.

In this condition, when the price touches the midline and then reverses direction, it can be considered a signal to enter buy trades.

Bearish Trend Conditions

According to the Bitcoin (BTC) cryptocurrency, chart in the 1-hour timeframe, the appearance of a red line indicates a bearish trend.

In this situation, price returning to the midline can be considered an appropriate opportunity 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, by combining Moving Averages and Average True Range (ATR), identifies the direction of market trends.

By switching its oscillating line color between blue and red, it highlights changes in trend direction, effectively providing buy and sell signals.