CAGR

 The CAGR indicator indicates the compound annual growth rate.

When the CAGR indicator is plotted, two lines appear below the chart:

1 – CAGR indicator

2- Average line of the CAGR indicator

The rising CAGR indicator indicates the strength of the trend.

If the CAGR line is above the average line and above the zero line, the trend is bullish. If the CAGR line is below the average line and below the zero line, it indicates a bearish trend.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.