Hi, I'm looking for some input on this from people who already did it or have an idea of how to do it. I don't want to use moving averages because of the lag, I'm looking for a natural method, that uses the same parameters as people do when looking if there's a trend or not.
So I was thinking of looking at where the price is 50 bars ago on the hourly, and if the close of that bar is down 4x the average spread relative to the current bar, I consider the trend is up. Any suggestions?
So I was thinking of looking at where the price is 50 bars ago on the hourly, and if the close of that bar is down 4x the average spread relative to the current bar, I consider the trend is up. Any suggestions?
