107# Trend Strength Forex Strategy – TradingView Trading System -

Submit by Janus Trader 205

Trend Strength Forex Strategy . It identifies trend strength and direction, visualizes key levels using Bollinger Band-style calculations, and provides alerts for trend shifts and take-profit (TP) opportunities.

Setup Strategy

Time Frame 5 min or higher.

Currency pairs: Volatile.

Platform: TradingView

Key Features & Functionality:

1. Trend Strength Calculation:

   • Uses a Simple Moving Average (SMA) as a basis.

   • Calculates upper and lower deviation bands based on standard deviation.

   • Determines a trend direction:

     • Bullish trend: When price is above both the SMA and the upper band.

     • Bearish trend: When price is below both the SMA and the lower band.

2. Visual Elements:

   • Cloud Visualization: Fills the space between the upper and lower bands to show trends.

   • Colored Bars: Changes bar colors based on trend conditions.

   • Gradient Gauge: Normalizes and scales the trend strength into a gauge.

1. • Trend & TP Signals:

     • Arrows (▲/▼) for bullish/bearish trend shifts.

     • "X" Marks for take-profit signals.

2. Alerts System:

   • Notifies traders of trend shifts and TP signals:

     • Bullish Trend Start

     • Bearish Trend Start

     • Take Profit Triggers

Potential Enhancements:

• Fine-Tuning Standard Deviation Multiplier: Adjust mult for different asset volatility.

• Dynamic Trend Strength Calculation: Experiment with different moving averages (e.g., EMA).

• Customization for Trading Strategies: Could integrate stop-loss, risk management, or additional filters.

TradingView Diretory Strategies