Identify Trend
- Indicators
- Aleksey Ivanov
- Version: 3.20
- Updated: 10 August 2021
The Identify Trend indicator, using fairly simple but robust filtering methods (based on the moving median – algorithm XM) and more complex algorithms (XC, XF, XS, four types of non-lagging moving averages SMAWL, EMAWL, SSMAWL, LWMAWL) developed by the author, allows determined (1) the beginning of a true trend movement very precisely and, most importantly, with a small delay, and (2) identifying the flat. Such an indicator can be used for trading scalper strategies as well as using long-term trading strategies. The indicator operation algorithms are presented in detail in the last screenshot.
Indicator readings are visual, extremely simple and do not require comments. The blue line of the indicator marks an uptrend, the golden line is flat, and the red line is the downward trend. Accordingly, entry points for Buy, when the red or gold line is replaced by blue, and for Sell - on the contrary, when the blue line or gold line is replaced by red.
Possible moments of the change in the direction of price movement are also indicated by arrows.
The indicator has all kinds of alerts. The alert is activated when the indicator indications (for the trend direction) coincide on the last two bars.
Indicator settings.
- Price type - applied price. Values: Close price, Open price (default), High price, Low price, Median price ((high + low)/2), Typical price ((high + low + close)/3), Weighted price ((high + low + 2*close)/4).
- The averaging method - Values: XC=XF - XS + SMMA, XF=<x/SMMA>*SMMA, XS=<x*SMMA>/SMMA, XM=<Max({x})+Min({x})>/2 (default), SMAWL, EMAWL, SSMAWL, LWMAWL.
- The averaging period - averaging period. Values: any integer (3 default).
- The display method. Values: Show only arrows (default), Show lines and arrows, Show only lines.
- Line (arrows) thickness. Values : a ny integer (2 default).
- Trend DOWN line color=Red
- Trend UP line color= Aqua
- FLAT line color=Gold
- Trend DOWN arrow color=Magenta
- Trend UP arrow color=Lime
- The Signal method - Type of trading signal alert. Values: No, Send alert, Print (in expert), Comment (in chart), Sound + Print, Sound + Comment, Sound, Push + Comment, Push, Mail + Comment, Mail.
I find this indicator very helpful especially since changing parameters to Lines and Arrows. Have also turned on alerts, so great that there is the ability to change the viewing of the indicator. Thanks for your free indicator