Trend Strenght Screener
The Trend Strength Screener is a powerful tool designed to assess market trends in real time. By integrating nine of the most widely used technical factors into a single screener, it provides a comprehensive overview of the market’s strength and direction. This screener helps traders confirm whether the market is in a bullish trend, bearish trend, or moving sideways.
How It Works
The screener analyzes market data and assigns a trend strength based on the behavior of its nine key components. The results are categorized into three distinct trend conditions:
1. Strong Bullish Trend
- If more than 6 components indicate a bullish trend (green signals), the market is considered to have strong bullish strength.
- This suggests upward momentum, making it favorable for long positions.
2. Strong Bearish Trend
- If more than 6 components indicate a bearish trend (red signals), the market is considered to have strong bearish strength.
- This indicates downward momentum, favoring short positions.
3. Sideways Market
- If the indicators show a mixed or neutral signal, with no clear majority in either bullish or bearish direction, the market is considered to be moving sideways.
- This signals indecision or consolidation, where neither buyers nor sellers have dominance.
Why Use the Trend Strength Screener?
- Real-Time Insights: Get instant market trend analysis to make informed trading decisions.
- Comprehensive Analysis: Combines nine key technical indicators for a well-rounded trend confirmation.
- Simple and Effective: Easily interpret market conditions with a clear trend classification system.
Conclusion
The Trend Strength Screener simplifies market analysis by offering a quick yet powerful way to assess trend strength. Whether you’re looking to trade bullish, bearish, or waiting for a breakout from sideways movement, this tool provides the clarity you need to act confidently.