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Trend continuation factor

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Mladen Rakic
65677
Mladen Rakic  

Been fooling around with "Trend continuation factor" indicator by M.H. Pee and somehow I could not find the "original" indicator for mt4 (the non-smoothed one) so, here it is (along with the original article by M.H.Pee about the way it should be calculated and used).

One T3 smoothed version of it can be found here : Trend continuation factor2 - MQL4 Code Base but it recalculates all the bars so I decided to post a new smoothed version too


Trend continuation factor2
Trend continuation factor2
  • votes: 3
  • 2007.10.16
  • John Smith
  • www.mql5.com
Этот индикатор создан для идентификации тренда и его направления.
xx3xxx
1756
xx3xxx  

ONLY when flatliner -- it is a good trend PREDICTOR

the smoothed one look good in historical chart -- for currency with good big fluctuation

whatever it is called, it may be a good visual indicator for trend or range or rebound (have to do live trade test first -- to know how far it will be smoothed)

but definitely need some EMA line for ENTRY -- otherwise, screws ~

-- the bottom indicator (see the left part is WRONG -- while after flatlinere in the middle -- RIGHT part is correct )

ZIGANI
62
ZIGANI  

It is similar tdi

Mladen Rakic
65677
Mladen Rakic  

...

Looks similar on chart, but different calculation from TDI Anyway, the calculation method and usage document attached on that first post too

regards

mladen

ZIGANI:
It is similar tdi
biddick
339
biddick  

Thanks for the great indicator Mladen What is TDI? Turbo diesel injection?

Mladen Rakic
65677
Mladen Rakic  

...

EMA line entry on what (or to rephrase : which of the values/lines)?

In default indicator the orange line is for trend down and the green line is for trend up. EMA would calculate ... what?

______________________

PS: just saw that you changed your post. You actually have no idea what are you talking about, don't you. On your picture it shows you perfectly when the trend is up and when it is down.

xx3xxx:
the smoothed one look good in historical chart -- for currency with good big fluctuation

but definitely need some EMA line for ENTRY -- otherwise, screws ~

Mladen Rakic
65677
Mladen Rakic  

...

This one (Also by M.H.Pee)

biddick:
Thanks for the great indicator Mladen What is TDI? Turbo diesel injection?
Files:
cockeyedcowboy
523
cockeyedcowboy  
mladen:
This one (Also by M.H.Pee)

mladen

M.H.Pee has done some other great work on trend indicators over the years, which were publiched in S&C Magazine. If you do a search on traders.com web site will turn up 6 to 7 articals on his trend indicators. I have most of them but will need to scan some older editions of S&C to post them. Let me know if you would like them.

Keit

Mladen Rakic
65677
Mladen Rakic  

...

Keit,

Thanks for the offer, I really would like to see those articles. Maybe we should make all of them (does not matter separate thread or no separate thread, it seems that M.H.Pee deserves at least that much)

For starters here is the Trend Detection Index (there is one more here https://www.mql5.com/en/forum/172972 at post #2, but, for some reason, it uses approximation (when using sma*PeriodTDI) so this one is the one calculating the "original M.H.Pee way")

__________________________

PS: I do recommend that people read that document of how to use trend detection index, since it is not about two lines crossing

regards

mladen

cockeyedcowboy:
mladen

M.H.Pee has done some other great work on trend indicators over the years, which were publiched in S&C Magazine. If you do a search on traders.com web site will turn up 6 to 7 articals on his trend indicators. I have most of them but will need to scan some older editions of S&C to post them. Let me know if you would like them.

Keit
Files:
tdi.gif 15 kb
cockeyedcowboy
523
cockeyedcowboy  

mladen

Ok, I'll have some already in pdf files the rest I will scan tonight and post, If you want to create seperate thread ask ND. I Think this would be good, Pee has a lot of good work out there. He has one trend indicator that I was working with to draw automatic trend lines not quite the way he intended, but his methodology fits the task.

Will have it posted hopfully by morning.

Keit

Edit

Here are the ones I have in PDF format (one may duplicate yours). Will scan the rest and post later. Have to find my scaner software first.

Mladen Rakic
65677
Mladen Rakic  

...

OK

Continuing. This is Trend Intensity Index (as described in 113TRND.pdf from this cockeyedcowboy's post : https://www.mql5.com/en/forum/179514)

Files:
tii.gif 17 kb
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