Trend Strength: Measuring The Duration Of A Trend by Richard Poster, PhD
Getting a good reading on trend strength is an important and useful metric to have when trading. Here, we introduce a new technique that makes use of a less common approach to measuring the strength of a trend.
Trend strength can be measured by the size of price change over a period of time. It can also be measured by the duration of a trend. In this article, I will propose a new trend strength indicator that calculates the less common of the two approaches—the duration. This indicator can serve to improve the effectiveness of trading strategies ...