Technical analysts are always on the lookout for both short-term and long-term trends in markets. Traders use 'bullish' or 'bearish' trend confirmations to decide if it is now a good time to buy/sell an asset. The 'TREND' block helps traders identify trends quickly.

How does it work

To identify a trend, traders check if the average price over the last 'N' candles is increasing or decreasing. A trend can only be identified if the increase/decrease persists for 'M' periods

Traders can choose to identify the trend in both normal candles and Heikin-Ashi candles among a variety of price types, MA types and MA periods.

Sample strategy conditions:

Below are a few examples of how a strategy condition can be set up 

Condition 1:

Trigger an event when the 'Open' price shows a bullish trend that persists at least 3 times.

 

Condition 2:

Trigger an event when the 'Heikin-Ashi Close' price shows a bearish trend that persisting at least 3 times.

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