Trend Direction Force IndexThis is my own version of the famous Trend Direction Force Index and I modified the original to make my version react quickly to any trend. I have color coded the indicator to make it extremely easy to read so if it is green then buy and red then sell.
This was a custom request so if you would like more then just send me a message!
Direction
Direction&Strength Indicator
This simple Indicator shows:
(1) The D irection of a trend
(2) The S trength of a trend
hence the name "Direction & Strength Indicator.
How to read this Indicator:
Indicator above "resistance area" => strong UP trend
Indicator above 0 .................. => weak UP trend
Indicator below 0 .................. => weak DOWN trend
Indicator below "resistance area" => strong DOWN trend
Notice that this is a time-lagging indicator. Severity of timelag depends on set period of the indicator!
You can also identify overbought and oversold areas. (Tip: Compare to RSI.)
2 Moving Average Color Direction Detection 2 Moving Average Color Direction Detection, possibility to configure:
- Type: SMA , EMA , WMA , VWMA , SMMA , DEMA , TEMA , HULLMA, ZEMA, TMA, SSMA
- Lenght
- Source
- Color direction
Moving Average Color Direction Detection Moving Average Color Direction Detection, possibility to configure:
- Type: SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, HULLMA, ZEMA, TMA, SSMA
- Lenght
- Source
- Colour direction
New extremum trendScript for filtering out periods when market is not trending.
It defines downtrend as following:
Lowest price of last 2 days is equal or lower then lowest price of last 100 days.
Values 2 and 100 are customizable.
Uptrend analogically with highs.
TrendSteinColors the background based on the current trend.
How to use:
- green background - hunt for long setups
- red background - hunt for shorts
Trend Detection IndexTrend Detection Index indicator script.
This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 19:10 (54-61): Trend Detection Index).
B3 Directional Trend IndexB3 Directional Trend Index ~ All about the trend! William Blau is the designer of this gem, and IMHO it is the best trend finder of all the lagging indicators out there I have tested. It is important to pay attention to the slope and thickness of the line, and its relationship to zero. A reversion to the zero may look momentous, but in fact it could reverse when it reaches mean, only to turn back around. You can see this in March and April of this silver futures daily chart. Makes for a great instrument on anything you consider trendy, like crude oil for example. The default user inputs are set to my liking, as I find them to be great on all charts and resolutions. You may read around to find more about this on the internet, or its mentioned in Krausz's work. Also, imprtant to remember when no trend, trend finders like this sufffer, so be wise as to what market condition you are in. Rangy and within Range = no, On the Move = yes.
