█ This indicator shows the repartition of bullish and bearish trends over a certain period in multiple timeframes. It's also showing the trending direction at the time.
█ Usages: Trend dominance is expressed with two percentages: left is downtrend and right is uptrend. Cell colors turn green if dominance is up and red if it is down.
Knowing the trend dominance allows you to have a better overview of the market conditions. You can use it to your advantage to favor long or short trades, reversal or breakout strategies, etc.
█ Parameters: > Length: Length is used to calculate ATR. > Atr Multiplier: A factor used to balance the impact of the ATR on the Trend Bands calculation. > UI Settings