MT Trend Bias and Trend Bias Power Overview

how does the mt trend bias indicator work?

What makes it go red or green? What has to happen? The same for trend bias power?

what are the conditions for making it red or green? for example, I noticed that the previous bar is red and the next bar if it passes the low going up of the previous bar it turns green but for others it is different so I didn’t quite understand what makes it red or green.  also for the power what is the white color for ?

Adam

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The conditions are proprietary which means the rules are confidential and so regretfully are not able to divulge only detail on how to use it.

The Trend Bias does have a Bias line and an Avg- when the Blue is above the red - rising price direction- when the blue is below the red - falling price direction.
The red and green background shows the bias of the trend - green long, red short.

The tend bias power converts the MT Trend Bias indicator values into a grid of % +100% long or -100% short for example - horizontal Lines show 0, 25, 50,75,100%
There is no color if the indicator power is within the -50% to 50% zone...
It will color the green and red more strongly with the stronger trend % level-
The coloring is strongest above or below 100 to -100%.
Note: you might see when it gets to the strongest coloring the trend is exhausted soon after ie it peaks above or below the 100% lines Green and Red
White is where the color neutral is neutral and showing your chart back color - a transition where the balance is neutral in the trend. within the 50% zone

For trading you don't need to know the formula to use the indicators.
All you use is the state: When the indicator turns green you have a long bias and red you have a short bias.

Usage: Green for long and red for short - Use as a bias filter or when it changes possible reversal entry confirmation. That color coding system applies to other indicators - green long and red short for signals or filters.

The Trend Bias Power offers a method to use trend strength and power - so that you might look for shorts below -50% and longs above 50% or 0 line crossovers for example
you can test and use other approaches also - such as mean reversion and exhaustion or trend continuation.

hope this helps you

many thanks

Tom

MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums