Making A Better Strength Indicator

After weeks of research. Here I present my new findings for my new strength indicator.


Basically my strength indicator relies on Moving Average to tell me the direction where it is moving.


Now I breakdown the Moving Average to more conditions.


1. Up and Accelerating
2. Up but Decelerating
3. Down but Decelerating
4. Down and Accelerating
5. Reversal


With these conditions in mind, I assign points to each conditions.


Today's chart. My new strength indicator shows 53.75. I see a buy entry at 86.00. Take profit at 87.10.