Moving Trend

[Tams 20]

Moving Trend

 

 

Based on William Rafter's article in 01/2003 issue of S&C magazine.

 

This indicator belongs to the family of Zero Lag moving averages.

It employs linear regression to detect trend changes;

you will find this indicator fast and responsive,

and is applicable in most popular trading time frames.

 

An optional band is included. You can set it to invisible if you do not wish to see it.

 

I would like to hear how you utilize this indicator in your analysis.

 

 

 

 

p.s. you might also be interested in this Zero Lag indicator:

Fisher Transform

http://www.traderslaboratory.com/forums/f46/fisher-transform-6329.html

 

 

note:

This EasyLanguage indicator was written in MultiCharts.

I have not tested it in TradeStation or other compatible programs.

Please refer to your users manual for importation instructions.

 

Translation to other platform is invited.

Moving_Trend.txt

Moving_Trend_(MultiCharts).pla

Edited August 14, 2009 by Tams

[aaa 10]

I would like to hear how you utilize this indicator in your analysis.

 

Dear Thans

 

Thank you for this indicator

 

You make so much efforts in this forum with sometimes no returns

 

Here is my contribution of your contribution

 

So

 

If I understand well they are 2 families of avgs

 

- Zerolag (Hull, MovTrend ... )

 

used closed to the price to show the waves ( as the zigzag somewhere) and are very reactives

 

- classicals average of the prices (Mov Avg Exponential, ... )

 

used as S/R ( like curved lines) or crossing with an other one to show the trend

 

 

 

 

I've tested ZeroLag's and realized that the candles are also a kind of "DoubleZeroLag noaverage" with white and black up/down

 

They are also a lot of more informations in candles

 

Also the MACD Histo ( an avg of an avg) is as much close to the price and shows more, like divergences etc...

 

As you know I use 2 EMA from the very begining and I'm still waiting for the next avg "Prince charmant" :missy:

 

Best regards

 

Edited August 16, 2009 by aaa

[ajax358 10]

greeta indicator!!....good one....thx. Copied well into easylanguage. Tried the inputs of "13" (a fib #), seemd just a bar or 2 faster.....but both std & 13 give great reads to trend change on tick charts. Good one there Tams.....

[Tams 20]

greeta indicator!!....good one....thx. Copied well into easylanguage. Tried the inputs of "13" (a fib #), seemd just a bar or 2 faster.....but both std & 13 give great reads to trend change on tick charts. Good one there Tams.....

 

 

Of course it works well.

EasyLanguage is a high level computer language,

i.e. it does not have low level machine manipulation capabilities,

therefore it has no way of "crashing" your computer.

 

If the indicator works for you, please click the "Mark as Installed" button and give a rating at the top.

 

A screen shot of your implementation (with on chart annotation) is appreciated.

[HAL9000 10]

Hi Tams,

 

I think that I am using your indicator,

even if not your implementation.

 

It is one that has survived in my toolkit.

I think I have used this method too often within physical chemistry, to get rid of it.

 

Am I right?

Basic linear regression with its SD bands?

 

Well, how to use it?

 

-Watch for rollovers.

-Trade it with the trend (if there is some), and otherwise ...

-And if you are knowing, what you are doing, trade it counter-trend as well.

 

 

Regards,

 

Hal

 

 

P.S.: I am still trying! :missy:

[ajax358 10]

Of course it works well.

EasyLanguage is a high level computer language,

i.e. it does not have low level machine manipulation capabilities,

therefore it has no way of "crashing" your computer.

 

If the indicator works for you, please click the "Mark as Installed" button and give a rating at the top.

 

A screen shot of your implementation (with on chart annotation) is appreciated.

 

Did the above "Mark as Installed" button, but do not see a "rating" button. I will give it a 5/5 rating.....as tested it live today trading the ES/NQ, & did very well with it & my other ta's. Since I do not know how to post a chart in here, & my trading puter is another puter anyways from this one, for security reasons, here is what I did with it: have it on my fisrt level below Price, with the indicator "Value CHart" (also in thise section)....have found the two together, using the std. inputs (20) see's the turns extremely well on my 116tick tading chart & 305tk trend/anchoe chart. Haver also put it on my swing charts: Monthly/Wkly/daily/etc......sees turns about 1-2 bars before Price turns. So, is a great heads up trend change/entry eye heads up chart with those two together. Also have the "Rubber Band/142" indicator in chart in there as well ("142" as ELD).....the three work in sync for turns & give correlative same info....if not the same, then move fails, as saw like clock work today. Tried the fib #'s of 5,8,13,21 as inputs, but found the "20" default input was best & fastest in ther turns. So, great indicator....thx....

[HAL9000 10]

Hi Tams,

 

I have rated it 5/5 now.

 

Its a good tool, and like it is with every tool,

the user has to learn, how to use it.

 

So far, the small settings are mentioned here.

 

I use 10 on my charts,

but sometimes I like to look at 50 or 100 too.

 

For me its not the center line,

I usually like to see the 2 SD bands.

 

I like extremes, this is why I like these bands.

 

 

Regards,

 

Hal

[HAL9000 10]

BTW,

 

while I am sometimes confused how links are handled here on TL,

 

here is one:

 

Standard Error Bands | Tucker Report

 

It would be unfair in my view, to copycat his work,

and also he has more good articles (i.e. linear regression angles for example).

 

I found it a while ago, during my continuing process.

 

Regards,

 

Hal

[Tams 20]

an example I posted in another thread

 

http://www.traderslaboratory.com/forums/f3/any-good-contracts-trade-after-hours-6449.html#post73312

 

 

89.33

Edited September 16, 2009 by Tams

[HAL9000 10]

Hi Tams,

 

mine is without changing colors, but with bands ... :missy:

 

 

 

Hal

[liontiger100 10]

Can anyone turn this into a tradestation indicator in ela or eld format?

[Tams 20]

Can anyone turn this into a tradestation indicator in ela or eld format?

 

 

download the txt file from above.

read your users manual for importation instructions, then press F3.

[oddball 10]

Anyone have an eld for TS? Thanks