The "Trend" screen
The "Trend" screen under the Watchlist Overview tab analyzes and compares currency pairs' trend direction and trend strength.
The goal with trend-following technical indicators is to trade with the trend until there is a clear signal that the trend has reversed. However, identifying this signal can be difficult.
Before taking positions in the direction of a trend, it is crucial to determine if the trend is gaining or losing strength. You need to make sure that you are only taking trades in trends that are strengthening, and not those that are weakening.
This tool allows you to determine:
The goal with trend-following technical indicators is to trade with the trend until there is a clear signal that the trend has reversed. However, identifying this signal can be difficult.
Before taking positions in the direction of a trend, it is crucial to determine if the trend is gaining or losing strength. You need to make sure that you are only taking trades in trends that are strengthening, and not those that are weakening.
This tool allows you to determine:
- The current short-term and long-term trend direction.
- The strength of each trend and if it's weakening and potentially about to end.
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