Consider these two cases below, each showing a 52% return over a 1-year period:
Which price path do you think shows a clearer trend? Most of us would agree that it's the first one (
Price Path A
). Our new indicator in QuantMage, Trend Clarity
, measures how closely prices cluster around a trend line, giving you a clearer understanding of trend strength.In the chart above, Trend Clarity returns 85.6% for
Path A
and just 7.57% for Path B
. It’s all about how snugly prices hug that trend line. It is the perfect sidekick to existing momentum and trend indicators, giving you an edge in assessing the strength and potential longevity of trends. Want to dive into more details? Learn more about this game-changing indicator here.Happy trend following!