Trend Direction and Trading Indicator Tutorial

The Tenoris Trend Indicator determines support and resistance using a proprietary method that I've not seen in other indicators.

Over the last 10 days a potential gain of 15% on Bitcoin is shown on the chart.

The key is knowing which Red and Green arrows are most likely to indicate the reversal of the price trend from short to long or long to short (red to green or green to red arrows and boxes).

The arrows are used for trade entries and exits and the boxes in relationship to the price of a closed candle are used to predict price direction.

The time frame of the chart is critical for maximizing the accuracy of the indicator.

In general a 7D candle on crypto and a 30 day candle on stocks and a quarterly candle on indexes like the S&P provides the most accurate trend direction.

On Bitcoin a 4H candle chart can be successfully used to determine entires for short term trades lasting a few days. In extensive back testing and live trading a gain of 10% a month or more is consistently possible.

The key to using the indicator is knowing which arrows are the most indicative of a trend change. When a green candle closes above the red boxes it's likely that price is going to go from trending down to up. When a red candle closes below a green box it's likely that price will trend down.

Compared to moving averages, and other directional trend indicators the Tenoris Trend Indicator is superior in detecting trend changes much earlier than other methods of technical analysis commonly used.