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