ES 1-12-18 : Hot Topic

Trend Percent

Search Dictionary

Definition of 'Trend Percent'

The Trend Percent (also Trend %) is calculated as ABS (CLOSE - OPEN) / RANGE

Trend % tells us if the previous day was a trend day or not based on OHLC values of that day. If the market opened at the low and closed at the high then there is a high probability that this was a trend day from one extreme to another. This will produce a figure close to 100%. If the market opened and closed at the same price then it is very unlikely that we've seen a trend day. The figure will therefore be close to 0%. The higher the figure then the greater the difference between close and open as fraction of the range.

How does Trend % help us? The probability of having 2 trend days in a row is unlikely. We often have a trading/Z/rotation day following a trend day. The Trend % figure quickly gives us an idea of how probable a trend day today is.


Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.


Emini Day Trading / Daily Notes / Forecast / Economic Events / Trading Indicators / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Features / Mortgage Calculator / User Pages / Donate

Copyright © 2004-2018, MyPivots. All rights reserved.