Trading123 Trend Meter
With the trend meter indicator, you can quickly and easily identify trends and trend strengths. As the chart shows all time frames from the fifteen minute to the three minute are green meaning were in a strong trend. So no need to go short the trend is to strong, buy on pullbacks. The trendmeter consists of four time frames that are customizable as shown it shows a 3, 5, 10 and 15 minute trend. You can customize them to anything you wish you could make the fiftheen minute or a thirty minute or even sixty minute if you wish. The Trading123 Renko bars are included with it and the Renko manual on what settings we use.