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Trend Sign

The Trend Sign indicator is a modification of the MACD indicator (Moving Average Convergence Divergence), which allows determining the direction and strength of the trend, as well as a trend change.

The indicator is based on two moving averages - fast and slow, and it can work on any timeframe.

Uptrends are shown by blue color of the indicator line, downtrends by the red color.

Close a short position and open a long one if the line color changes from red to blue.

Close a long position and open a short one if the line color changes from blue to red.

Use a small stop loss, as the line itself may suddenly change its color and direction.

The following can be set in the indicator's Inputs tab:

  • period (Fast Period, Slow Period);
  • moving average smoothing method (Simple, Exponential, Smoothed, Linear weighted);
  • price used calculations (Close, Open, High, Low, Median, Typical, Weighted).

The Colors tab allows to choose the color, width and line style of the indicator.


Parameters

  • fast period - number of bars used for fast moving average calculation;
  • fast method - smoothing method for the fast moving average;
  • fast applied price - applied price for the fast moving average;
  • slow period - number of bars used for slow moving average calculation;
  • slow method - smoothing method for the slow moving average;
  • slow applied price - applied price for the slow moving average;
Gennadiy Voltornist
12100
2017.11.26 20:32 
 

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Daniel Andrejczuk
5400
2017.11.09 02:50 
 

User didn't leave any comment to the rating

Nork
6022
2017.07.21 18:43 
 

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