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V. 20:3 (58-64): Trend Continuation Factor by M.H. Pee
V. 20:3 (58-64): Trend Continuation Factor by M.H. Pee
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Trend Continuation Factor by M.H. Pee
Yes, trends are important: They help you make money and they help you recover your losses.
Because trends are an important component of the market, it is imperative you can detect them. However, its not enough to just identify a trend. Its also crucial to be able to tell the direction of the current trend. Although trends can make you the most money in the shortest time when you are in sync with them, they can also cause you to sustain heavy losses if your position is in the opposite direction. To avoid getting caught in such a situation, I created the trend continuation factor (TCF), an indicator that identifies the trend and its direction.
Yes, trends are important: They help you make money and they help you recover your losses.
Because trends are an important component of the market, it is imperative you can detect them. However, its not enough to just identify a trend. Its also crucial to be able to tell the direction of the current trend. Although trends can make you the most money in the shortest time when you are in sync with them, they can also cause you to sustain heavy losses if your position is in the opposite direction. To avoid getting caught in such a situation, I created the trend continuation factor (TCF), an indicator that identifies the trend and its direction.
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