A trend persistency indicator that measures how many consecutive days price remains above or below a Moving Average, helping traders identify strong and potentially sustained market trends.
Explore complementary indicator rolesHow it works
The indicator calculates the number of consecutive days that price remains consistently above or below a selected Moving Average. It tracks the continuous movement of price in relation to the moving average line, providing a numerical representation of trend strength and duration.
By analyzing the consecutive days of price persistency, traders can identify periods where the market demonstrates a strong directional movement. The script allows customization of the Moving Average type and the number of days to suit different trading strategies and market conditions.
Why it may be useful
Trend persistency helps traders understand the reliability and potential continuation of a market trend beyond simple directional movement. By quantifying how long price maintains a consistent position relative to a moving average, traders can gain insights into the underlying market momentum and potential future price behavior.
This approach provides a more nuanced view of trend strength, moving beyond traditional trend indicators by focusing on the duration and consistency of price movement. It can help traders make more informed decisions about entering, maintaining, or exiting trading positions.
When to explore it
The trend persistency indicator is most effective in markets experiencing clear directional movements with consistent price trends. It works best in trending markets where price shows a sustained movement above or below the moving average for an extended period.
Traders should consider using this indicator during strong bullish or bearish market conditions, particularly when seeking to confirm the strength and potential longevity of a current market trend. It can be particularly useful for swing traders and day traders looking to validate their trading decisions based on trend consistency.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
