TrendWatch DEMO

Brief description

TrendWatch DEMO indicator analyze chart trend strength and acceleration. Analysis is based on close price SMA with configurable period. Result is given as set of two curves in the indicator window. Blue (default color) curve identify trend direction and strength. Yellow curve (default color) identify trend tendency to accelerate/deceleare. Scale of curves is normed to maximal value in given time period.

DEMO version is restricted. See list of restrictions at the bottom. Find fully-featured TrendWatch indicatior in paid section.

Parameters

• SMA period for trend detection: Period of base SMA. The higher value the more stable trend you get, but with higher time delay and less sensitivity for quick changes. For DEMO version the range is restricted to <20, 150>.
• Norm period [days]. 0 is "all data": Time interval (from now) for trend and trend acceleration/deceleration maximum/minimum evaluation in [days]. Paramater has influence on curve scale. If set to "0", all available data rates will be used to detect max/min. There's following risk for "0" setting: If there's strong trend in the past, it will be taken as a norm and other trends will look "weak" in comparision.
• Show trend acceleration: Yellow (acceleration/deceleration) curve will be hidden, when set to "NO"
  
  

Meaning of values and combinations

Positive range of blue curve indicate up-trend, negative range indicate down-trend. Value of 1 (-1) indicate strongest up (down) trend in the selected time period.

Positive range of yellow curve indicate tendency of trend to get possitive: For up-trend it means acceleration and getting stronger, for down-trend it means deceleration and weakening.

Negative range of yellow curve indicate tendency of trend to get negative: For down-trend it means acceleration and getting stronger, for up-trend it means deceleration and weakening.

Range of yellow acceleration/deceleration curve is <-1, 1>. It's normed to the maximal acceleration/deceleration in selected time period.

Due to automatic curve scaling, values in range of aprox. <-0.1, 0.1> can be considered as zero on borh curves.

How to use

Good idea is to use two TrendWatch indicators with different SMA period setting. For example 150 for long-term trend and 20 for short-term trend. Trend is your friend: Don't try to go short when the long-term blue curve is positive; Don't try to go long, when the long-term blue curve is negative. For particular trade enter check the short-term blue and yellow curve. For short trade you want to see slightly positive to negative transition or zero on blue curve and ending positive impulse on yellow curve (and vice versa for long trade). Example is shown on screenshot

Demo restriction

• Demo work only on M15 timeframe. For other timeframes the chart is blank
• Demo has restricted range of SMA: <20, 150>
• Demo has no curve processing. Full version provide additional settable filtering and zero band value hiding fetures for curves. Both (processed and raw) curve sets can be shown simultaneously in full version