![]() Remember, the Trend Quality Stock Indicator is not a crystal ball it doesn't predict the future. ![]() It can be modified in chart settings to adapt to your strategy. The threshold of 3 should be appropriate for most instruments.works best on timeframes of 30min or higher.can be used on timeframes of 5min and higher.The car is making a bee-line down the mountain. It's like driving on a winding road with some obstacles ahead – indicating a weaker trend that might not be as dependable. It is similar to seeing a car climbing steadily up the mountain.Ĭonversely, a yellow plot, with values between 3 and -3, signifies a weaker or less reliable trend. When the TQI is greater than 3, it indicates a robust green bull trend. The Trend Quality Indicator (TQI) is an important tool used by traders to gauge the strength and reliability of a trend. This indicator is useful for showing buying, selling, and sideways action. This is a Trend Quality Indicator for ThinkorSwim shared by Anupam Bagchi who is a data scientist.
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