This tutorial will cover how to use the 'Strength' indicator.
Add the 'Strength' indicator to your chart.
-Blue = Uptrend. Red = Downtrend.
-The blue and red area at the base = The direction of the main trend.
-The higher the blue goes, the stronger the uptrend is. The lower the red goes, the stronger the downtrend is.
-When the horizontal curve line is VIVID blue/red = The trend is stronger.
-White flat lines = Flat.
-White dots = Pullbacks.
-White thick curved lines = Equilibrium
P.S. You will often be looking at the white. They clearly show when the trend is WEAK.
Simply remember that there's less strength in the trend while it's white.
Look at the vivid parts showing strong strength in the trend and look at the white sections showing weakness in the trend.
Let's start with the default settings. There are 6 main modes available. The default mode is 5.
Here's mode 1:
The 'Flat' portions are represented by a white thin flat line.
'Pullbacks' are represented by white dots.
Check the 'Equilibrium' box to see when/where the market is in equilibrium (white thick curved lines).
Check the 'Strongest Background' box.
• You can choose to trade the blue and red color and wait while the trend is too weak (white).
• You can hide the white completely by unchecking the 'Pullback', 'Flat' and 'Equilibrium' boxes to concentrate your attention on the VIVID horizontal curve line.
• You can choose to flip up and down when the bars are crossing above and below the 0.00 middle axis.
Here, we are trading the bright zones.
Let's explore the next indicator of our suite.