Asset-level Trend and RelTrend Score

Smart Money Confidence is a model that aggregates indicators reflecting sentiment among investors that tend to use the stock market to hedge underlying positions. Or, they're just contrarian investors who prefer to sell into a rising market and buy into a declining one.

Time Frame: Medium-Term | Update Schedule: Daily | Source: SentimenTrader

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Construction:

The Absolute and Relative Trend Score Indicators use a weight of the evidence framework by aggregating ten trend-following indicators to deliver a comprehensive composite score for trend evaluation. Scores range from 0 (weakest) to 10 (strongest).

Although the components and duration parameters remain fixed, the indicators provide investors with flexible options for identifying trading or investing opportunities and controlling risk. Additionally, the composites can serve as a secondary filter for your existing technical or fundamental investment approaches, ensuring your strategies align with current market trends.

  • The Absolute Trend Score evaluates the strength of an asset’s individual trend
  • The Relative Trend Score gauges the strength of an asset's trend in comparison to the S&P 500, offering a view of its performance against the broader market

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