Trend ID

[Apprentice]

This indicator, as far as I know does not exist anywhere else.
Was developing in the last few days here on Fxcodebase.
By Aprentice and Zmender.

The main purpose of this indicator is to distinguish trending from non trending period.

TREND ID.lua

(3.06 KiB) Downloaded 1493 times

[rhodia16]

Hi Apprentice,

Thank you for the interesting indicator!

Could you please enlighten us on the ways to distinguish trend periods from non-trend periods by using this indicator?

Thanks in advance.

Rhodia

[Apprentice]

You tell me, I do not have much experience with it.


One possible way to use.
If Trend Id closes within Deviation lines. The trend has ended.
And Vice-versa.

[zmender]

Right now, I am using the indicator as a visual indicator of trend: difference > stdev, trend; vice versa.

I'm trying to make an oscillator out of this. The ratio oscillator Apprentice programmed tends to "explode", so I'm trying to figure out a way to "cap" it like an erf function.

[Alexander.Gettinger]

MQL4 version of Trend ID oscillator: viewtopic.php?f=38&t=61497.

[tmdabc]

looks good，thanks
wonder if change line color is better

[fxcyberman]

It seems there are something wrong with the stream's name (label name).
Also, is it possible to know its logic ?

[Apprentice]

Fixed.

[Apprentice]

Raw = ( source - MVA of source) / (MVA of source /100 );
d = Stdev of MVA of Raw;
Deviation= MVA of Raw;
Negativ= -d*Multiplier;
Positiv = d*Multiplier;

[fxcyberman]

Thank you for your prompt reply.