ASTROTREND
Identifies the trend strength of gold and energy by analyzing the deviation of price action from the forward trajectory of the current trend.
The ASTROTREND indicator, utilized by the Gold Risk-Managed Model and the Energy Risk-Managed Model, operates by relying solely on price action as its input. It determines the strength of a trend by analyzing the deviation of price action from the calculated forward trajectory of the current up-trend or down-trend. A positive deviation above the trend trajectory signifies higher trend strength, while a negative deviation below the trend trajectory indicates lower trend strength. The indicator identifies a change in trend when the trend strength value crosses the zero line, shifting from negative to positive for a new positive trend or from positive to negative for a new negative trend. The calculation of the indicator trend change is conducted on a weekly-close basis.
The name ASTROTREND reflects the indicator's essence, aligning it with a celestial metaphor as it observes and tracks the shifts in trend dynamics, akin to celestial bodies altering their trajectories in the vast universe of financial markets.