does anyone know how the half trend indicator work? | Forex Factory

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does anyone know how the half trend indicator work?

  • #1
  • First Post: Aug 27, 2016 9:24am Aug 27, 2016 9:24am
doesn't repaint, seems to be quite promising, but a bit hesitant to rely on it for live trading without knowing the mechanism behind it.

Inserted Video


thanks for the help!!!
  • #2
  • Aug 27, 2016 10:03am Aug 27, 2016 10:03am
Basically price below trend Indi is trend down and opposite fr trend up. I don't believe it's profitable as a standalone method, but mixed in with your own personal method it might help make decisions easier
  • #3
  • Aug 27, 2016 11:26am Aug 27, 2016 11:26am
Judging by the code, it uses moving averages along with ATR to determine trend direction. The moving averages are determined by a parameter setting called "Amplitude" and are SMA's based on the high for one sma and the low for the other sma.

Code listed below:

Inserted Code
lowprice_i=iLow(Symbol(),Period(),iLowest(Symbol(),Period(),MODE_LOW,Amplitude,i));
      highprice_i=iHigh(Symbol(),Period(),iHighest(Symbol(),Period(),MODE_HIGH,Amplitude,i));
      lowma=NormalizeDouble(iMA(NULL,0,Amplitude,0,MODE_SMA,PRICE_LOW,i),Digits());
      highma=NormalizeDouble(iMA(NULL,0,Amplitude,0,MODE_SMA,PRICE_HIGH,i),Digits());
      trend[i]=trend[i+1];
      atr=iATR(Symbol(),0,100,i)/2;
      arrup[i]  = EMPTY_VALUE;
      arrdwn[i] = EMPTY_VALUE;
      if(nexttrend==1)
        {
         maxlowprice=MathMax(lowprice_i,maxlowprice);
         if(highma<maxlowprice && Close[i]<Low[i+1])
           {
            trend[i]=1.0;
            nexttrend=0;
            minhighprice=highprice_i;
           }
        }
      if(nexttrend==0)
        {
         minhighprice=MathMin(highprice_i,minhighprice);
         if(lowma>minhighprice && Close[i]>High[i+1])
           {
            trend[i]=0.0;
            nexttrend=1;
            maxlowprice=lowprice_i;
           }
        }
      if(trend[i]==0.0)
        {
         if(trend[i+1]!=0.0)
           {
            up[i]=down[i+1];
            up[i+1]=up[i];
            arrup[i] = up[i] - 2*atr;
           }
         else
           {
            up[i]=MathMax(maxlowprice,up[i+1]);
           }
         atrhi[i] = up[i] - atr;
         atrlo[i] = up[i];
         down[i]=0.0;
        }
      else
        {
         if(trend[i+1]!=1.0)
           {
            down[i]=up[i+1];
            down[i+1]=down[i];
            arrdwn[i] = down[i] + 2*atr;           
           }
         else
           {
            down[i]=MathMin(minhighprice,down[i+1]);
           }
         atrhi[i] = down[i] + atr;
         atrlo[i] = down[i];
         up[i]=0.0;
        }
     }
  • #4
  • Last Post: Aug 27, 2016 11:59am Aug 27, 2016 11:59am
deankenny21 and magnumfreak, thanks a lot, you two have a great weakend.

wish you safe & profitable trading always.
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