Gold Mining Stocks Trendpower

The TrendPower is a technical indicator created and developed by 24hGold.  It is based on a scale from -50 to +50, and it aims to measure the strength of a movement on a short to  medium term range (from 1 up to 3 months).

The higher the TrendPower (up to 50) the more powerful the movement.

Caution : the TrendPower is not a trading tool, but an indicator to help determine an entry point. You will find here at the bottom of this page a few representations of this indicator.

Gold Mining Stocks Trendpower

     -   This is a live panel, calculations are made at every move of a stock

-         Just click on a company name to go to its profile.

-         The TrendPower is the last column on the right before “News”, and you can enlarge the page by clicking on “Author” at the right hand corner of this page.

Some examples :

1- TrendPower reaches +50: trend at its maximum power

2- TrendPower between 0 and 50: trend in acceleration

3- TrendPower at 0: neutral trend

4- TrendPower reaches -15: trend in deceleration (beginning of turnaround)

5- TrendPower reaches -50: trend in sharp deceleration (falling turnaround highly probable)

The TradePower can also be represented as a gauge ranging between -50 and +50

All of our mining sector technical analysis tools : click here

All our our fundamental analysis tools : click here

View the original article here