Trend Intensity Index by M.H. Pee
How strong is the trend? Find out using this index.
In my previous article I discussed the trend detection
index (TDI) and showed its ability to signal the beginning of trends. In this article, I will describe another new indicator, the trend intensity index (TII),
which is used to indicate the strength of a current trend in the market. The stronger the current trend, the more likely the market will continue moving in its current direction instead of changing course. It is during a
strong trend that you should enter the market and ride along until the TII shows signs of an imminent reversal. When this happens, you should abandon your positions and prepare to place a trade in the opposite direction.