Trend identification, as bullish and bearish territories with this indicator, made of a 55 periods Triangular Moving Average shifted with its 21 previous value.
A small band is made of 2 over TMA plus and minus factorized ATR value.
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//parameters // fact = 0.13 // p = 55 // s = 21 a = TriangularAverage[p](close) b = a[s] atx = AverageTrueRange[13](close) factor = atx * fact hh = b + factor l = b - factor Return b AS "55 TMA MID", hh AS "55 TMA HIGH", l AS "55 TMA LOW" |
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Hi Nicolas
Britains .itf file didn’t work for me … I had to change h to hh at line 13 and h to hh at line 16 as per your code above.
Thanks
Graham
Thank you GraHal for pointing this error, i have corrected the code in the file. The code in the post above remain correct.