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ComBo TrenD

30 USD

Demo downloaded: 12

Published: 25 July 2017

Current version: 1.722

ComBo TrenD

Indicators
Adeniyi Adedipe
Version: 1.722
Updated: 22 June 2023
Activations: 7

This Is An Oscillatory Indicator Which Has OnlyTwo Lines:

Main Line - The calculation for this value is based upon the open, high, low and close prices of chosen input parameters (within the set periods.)
Signal Line - The Calculation for the signal line is based on the addition (& multiplication) of several moving averages of the Father, Son & Holy Spirit Periods (all applied to the main line's value).

Input Parameters

Please Note that by way of combination, each input parameter plays several roles.

Father Period: Numerous calculations based on this numerical input value is computed and the result determines the overall output for both the indicator's main line and it's signal line.
Son Period: Numerous calculations based on this numerical input value is computed and the result determines the overall output for both the indicator's main line and it's signal line.
Holy Spirit Period: Numerous calculations based on this numerical input value is computed and the result determines the overall output for both the indicator's main line and it's signal line.
Signal Amplifier: This is unique number which amplifies (multiplies) the value of the signal. Depending on the chosen value, the signal line may either be larger than the main line or smaller than it. Please take time to select the right value.

Interestingly, this indicator came to be as a result of the combination of the mathematical calculations used for two prime trend indicators. So it is a 'two in one' indicator. However, it retains a uniqueness in many ways:

By way of option, the user may decide to use just the indicator's main line alone to adjudge changes in trend direction and that is sufficient.
In addition to the indicator's Main line, the Signal line offers varieties of options as how to spot a timely price movement. This way there is little of no need to vary the first three input parmeters (Father Period, Son Period & Holy Spirit Period).
Simply varying the Signal Amplifier (ranging from +1 & above to -1 & below, eg. -10, -20, - 233, 10, 20, 233 ...) gives a whole lot of options and whichever numerical input is entered; there must be a careful check to be sure that the intended aim of trend detection is not missed.

So,

BUY when the indicator's main line rises above the signal line (or above the zero line).

SELL when the indicator's main line falls below the signal line (or below the zero line).

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Version 1.722 2023.06.22

Revised! Now the true trend can be seen. Point of convergence and divergence are distinct. Default settings are good a is.

Version 1.711 2018.12.07

Removal of the fourth input parameter: Signal Amplifier.
The new Signal line now offer a better timely entry.