End of Trend Index

The End of Trend Index is a novel metric aiming to indicate when a trend is more likely to end, unlike similar metrics this one is not based on distance/volatility measurement, which makes it less prone to false-positive.

Waiting for the metric crossing under 50 is a good way to confirm the potential end of a trend.

Higher Length values can allow the metric to determine the end of longer-term trends.

This metric can be useful to confirm new trends, if the metric was previously indicating the end of a trend, the following trend signal could be taken with more confidence.