Arps Pro-Mom Trend Bars

This set of enhanced trend bar studies is highly accurate in revealing the overall trend direction. When the bars are painted blue, an uptrend is underway. When the bars are painted red, a downtrend is underway. The greater the number of consecutive bars painted, the more reliable is the trend detection on any time frame. When alternating clusters of red and blue bars appear, it suggests a sideways market with no real trend.

NOTE: Before modifying any inputs, be sure you have read and understood the section entitled “Using Input Settings.”

Inputs include the following:

Strength (Default = 3, Range = 1-10) The higher you make this value, the stronger will be the trends it reveals. The optimum value for this input factor will vary from market to market and time frame to time frame. You will be able to use the Pro-Mom Trend Bars most effectively by tailoring this input factor to the chart you are evaluating. It was designed to give you the maximum control over the market trends you are most interested in.