Kairos™

TrendScore

The Trend Score shows when price is trending by looking at up and down days.  The trend is equal to one when the price is greater than or equal to the previous price, and as a negative one when the price is less than the previous price.  The Trend Score is the moving summation of those ones and negative ones over the past n periods.

The TrendScore indicator with a period of 5 on the minute timeframe.

TrendScore indicator charted on the 1 minute timeframe