Trend Checker Graph

v10.3
Trend Checker Graph

Based on my Trend Checker indicator but converting the results into a weighted graph with a range from 100 to -100. Above zero indicates that long trades are favoured and below zero that short trades are favoured.

You can set as many look back periods as you wish up to a total of eight and for whatever length look back periods you wish.

The indicator simply compares the price now to the price at the beginning of each look back period and decides if it is up or down. The longer the look back period the more weight is given to the result in the final calculation as it is difficult to argue with a long term trend.

It works on all markets and all time frames although you will have to set each period for the chosen time frame as required.

For example if you apply the indicator to a 1 hour chart you may wish to set periods of 1, 4, 24 and 144 to represent 1 hour, 4 hour, 1 day and 1 week periods. On a daily chart you might have 1, 6, 24, 96, and 312 to represent 1 day, 1 week, 1 month and 1 year. You can choose whatever periods you like in whatever order you like and you can turn any period setting off by setting it to zero.

The price used can be set to any of the following by changing the PriceType setting to:

0 – Close

1 – Open

2 – Total Price

3 – Typical Price

4 – Weighted Close

5 – Median Price

I advise downloading the itf file rather than cut and paste to ensure you get all the functions to work correctly.

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Vonasi • 46 days ago #

    I noticed a couple of typo errors in the code. The list of variables lines 4 to 11 should be //Row1 //Row2 //Row3 etc to 8 and not //Row1 //Row1 //Row1 etc. Just in case someone wants to remove the // and enter the values manually. If you install the ITF and change the values in the indicator windows this is irrelevant.
    The other minor error is that line 40 should read PT = close so that the indicator defaults to close for any incorrect value entered. If you don’t change this minor error then you just don’t get any arrows for an incorrect value.

  2. Genotik • 46 days ago #

    Thank you for your important contribution this week which is much appreciated! Happy New Year 2018

    • Vonasi • 46 days ago #

      No problem. I hope they are useful to someone. Happy and hopefully prosperous New Year to you too!

avatar
Register or

Likes

avatar avatar avatar avatar avatar
Related users ' posts
Nicolas Thank you for this valuable stock screener. However, I can't get bearish signals with the co...
supertiti Bonsoir à tous For those who like me want to calibrate this indicator on a scale of 0 to ...
juanj This gets me thinking about creating a strategy on the 5min timeframe that only takes trades...
verdi55 You can find me at www.FXautomate.com Ahh. So i got it ? 4 different supertrends without th...
juanj What? This has nothing to do with the website. The site is simply a service to help people ...
Nicolas Advertising is allowed,as long as people are helping others and if provided services are abo...
styrke Hello Nicolas, Nice screener, I appreciate the way you always try to condense at maximum th...
Nicolas There's no particular reason. RSI is widely use with its default period and results seems re...
DarioMazza Hi Vonasi, i have a question for you, the comand "pricetype" where did you found it in the ...
Vonasi PriceType is just a variable that I use. The value decides what type of price is used in the...
Vonasi I noticed a couple of typo errors in the code. The list of variables lines 4 to 11 should be...
Nicolas
2 months ago
Trinity Impulse
Trinity Impulse
3
Indicators
ribou bonjour Nicolas Bravo pour l'ensemble de ton oeuvre très riche en informations de qualité ...
Nicolas Cet indicateur nécessite que l'instrument possède des Volumes. Sinon il ne pourra pas se cal...
ribou ah d'accord merci beaucoup
Nicolas
4 months ago
Genotik Merci !
Rolanbay Merci beaucoup, c'est exactement ce qu'il fallait faire.
Youness Charif Bonjour Nicolas, L'indicateur s'affiche dans une fenêtre en bas et non pas sur le cours....
Nicolas Appliquer l'indicateur sur le prix à l'aide de la clé à molette située en haut à gauche de v...
Marcel
4 months ago
Marcel For those who are interested, I post trade opportunities with this indicator on Twitter. (@M...
swapping Thank you for sharing, best regards
Tellie2015 tack ska du ha för dina delningar både här o twitter
Genotik Merci de votre contribution !
Leo Hi all, I posted a new version of this indicator ( I just add arrows to spot the local maxi...
Trading_En_El_Ibex35 Muchas Gracias por compartir este interesante indicador. Un saludo
Nicolas
4 months ago
primo1 Bonjour Nicolas, sur quelle échelle de temps minimum tu utilises l indicateur je pense...
primo1 Bonjour Nicolas Pour créer la strategie comment peux tu traduire l"apparition des points....
Nicolas Exemple dans ce sujet du forum ProOrder : https://www.prorealcode.com/topic/perfect-trend-in...
bolsatrilera Hi Nicolas, I have this version of the True Balance Power ,created by eykpunter on Tradingvi...
bolsatrilera and the code : REM TRUE BALANCE OF POWER // código original de eykpunter para la plataform...
rafadonl2 Here it is the screener. (sorry I don't speak german). //Reglas en Heikin-Ashi: //1- Sec...
finplus Muchas gracias. Have a good day.
rafadonl2 I have modified some lines and it seems this version will work better. Even so, I recommend...
sawer36 Your indicators are amazing, thanks for your website and your contributions

Top