Trend Follower

Trend Follower

It analyses moving averages in a channel and their momentum according to the channel width.

On each bar it creates a channel by highest/lowest point of a MA. highest point is upper point and lowest point is lower point of the MA channel.

It gets highest and lowest point of last 300 bars, (say Price Channel )
If the width of MA channel is greater than certain rate of price channel then it decides there is trend.

After it decided there is trend, it calculates the rate between channel and MA. Bigger result means stronger trend.

According to rate of MA channel and the price channel , bar color becomes lighter/darker. so when you look at the bar color you can see the trend strength.

The darker the colour, the weeker the trend is.

Upon a request from user denmar (https://www.prorealcode.com/topic/help-converting-trend-follower-indicator-from-trading-view/) I converted this indicator written by LonesomeTheBlue.

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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?

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  1. denmar • 315 days ago #

    Many thanks. Highly appreciated.

  2. Kanamax • 195 days ago #

    Hi Roberto,
    Thanks for this indicator which is very helpful.
    I tried to use this indicator into a very simple strategy based on g > 0 –> BUY and r SELL.
    The strategy runs however entry in call and put position don’t follow the indicator. Unfortunately I can’t put sceenshot to show
    Do you have any idea why?
    FYI I run with PRTV11

    Thank you

    I share only the end of the code + position entries:

    Trend = x * diff / MyChannel
    IF Trend > 0 THEN
    r = 0
    g = 255
    b = 0
    t = 255
    IF Trend Trend[1] THEN
    r = 139
    g = 0
    b = 0
    t = 255
    ENDIF
    ENDIF

    // Conditions pour ouvrir une position acheteuse
    if not onmarket and g = 255 then
    BUY 1 CONTRACTS AT MARKET
    ENDIF

    // Conditions pour fermer une position acheteuse
    if longonmarket and r = 255 then
    SELL AT MARKET
    ENDIF

    // Conditions pour ouvrir une position en vente à découvert
    if not onmarket and r = 255 then
    SELLSHORT 1 CONTRACTS AT MARKET
    ENDIF

    // Conditions pour fermer une position en vente à découvert
    if shortonmarket and g = 255 then
    EXITSHORT AT MARKET
    ENDIF

  3. robertogozzi • 195 days ago #

    Don’t use colours as a signal,
    use TREND instead.
    If it’s > 0 it’s a Long signal, otherwise it’s a Short signal.

  4. Kanamax • 194 days ago #

    Hi Roberto,
    I did previously but same result.

  5. Kanamax • 191 days ago #

    Can you try on your side to check if that works properly for you?

  6. robertogozzi • 191 days ago #

    Post the complete code you used.

  7. Kanamax • 190 days ago #

    Please find herein after

    / Trend Follower

    //
    MAtype = 1 //1=Ema
    TrendP = 20 //20 periods to check trend
    MAperiods = 20 //20 periods for MA
    TrendRate = 1 //1% trend channel rate
    UseLR = 1 //1=use Linear Regression, 0=do not use LR
    LRperiods = 5 //5 periods for Linear Regression
    RangeP = 1 //300 period for the range
    MAtype = max(0,min(8,MAtype))
    TrendP = max(1,min(999,TrendP))
    MAperiods = max(1,min(999,MAperiods))
    TrendRate = max(0.00001,min(99,TrendRate))
    RangeP = max(1,min(999,RangeP))
    //
    RateMult = TrendRate / 100
    PriceRange= highest[RangeP](high) – lowest[RangeP](low)
    MyChannel = PriceRange * RateMult
    MyMA = average[MAperiods,MAtype](close)
    IF UseLR THEN
    MyMA = LinearRegression[LRperiods](close)
    ENDIF
    hh = highest[TrendP](MyMA)
    ll = lowest[TrendP](MyMA)
    diff = abs(hh – ll)
    x = 0
    IF diff > MyChannel THEN
    IF MyMA > (ll + MyChannel) THEN
    x = 1
    ELSE
    IF MyMA 0 THEN
    r = 0
    g = 255
    b = 0
    t = 255
    IF Trend Trend[1] THEN
    r = 139
    g = 0
    b = 0
    t = 255
    ENDIF
    ENDIF

    // Conditions pour ouvrir une position acheteuse
    if not onmarket and trend > 0 then
    BUY 1 CONTRACTS AT MARKET
    endif

    // Conditions pour fermer une position acheteuse
    if longonmarket and trend < 0 then
    SELL AT MARKET
    ENDIF

    // Conditions pour ouvrir une position en vente à découvert
    if not onmarket and trend 0 then
    EXITSHORT AT MARKET
    ENDIF

  8. Kanamax • 190 days ago #

    It seems I had some difficulties to copy paste the complete code correctly.
    The overall code is just your indicator + the following conditions at the end:
    Read trend > 0 instead of g = 255 and trend < 0 instead of r = 255

    // Conditions pour ouvrir une position acheteuse
    if not onmarket and g = 255 then
    BUY 1 CONTRACTS AT MARKET
    ENDIF

    // Conditions pour fermer une position acheteuse
    if longonmarket and r = 255 then
    SELL AT MARKET
    ENDIF

    // Conditions pour ouvrir une position en vente à découvert
    if not onmarket and r = 255 then
    SELLSHORT 1 CONTRACTS AT MARKET
    ENDIF

    // Conditions pour fermer une position en vente à découvert
    if shortonmarket and g = 255 then
    EXITSHORT AT MARKET
    ENDIF

  9. robertogozzi • 189 days ago #

    I can’t understand when you want to enter/exit.
    Please start a new topic in ProOrder support and attach the ITF file of your strategy + screenshot (showing also the instrument and timeframe used).

  10. Kanamax • 189 days ago #

    Hi Roberto, sorry for my confusing previous posts (forget them). My request is very simple, I just want to enter/exit by using TREND signal from your indicator.
    I want entry long when trend > 0 then exit when trend 0 and exit long is not when trend < 0 (same at the opposite for short signal).
    It's why I wondered if you can test by your own and then share with me the last lines of your ProOrder code?
    Thanks for you help.

    // Trend Follower
    //
    // https://it.tradingview.com/script/o0ZOSVHj-Trend-Follower/
    //
    MAtype = 1 //1=Ema
    TrendP = 20 //20 periods to check trend
    MAperiods = 20 //20 periods for MA
    TrendRate = 1 //1% trend channel rate
    UseLR = 1 //1=use Linear Regression, 0=do not use LR
    LRperiods = 5 //5 periods for Linear Regression
    RangeP = 1 //300 period for the range
    MAtype = max(0,min(8,MAtype))
    TrendP = max(1,min(999,TrendP))
    MAperiods = max(1,min(999,MAperiods))
    TrendRate = max(0.00001,min(99,TrendRate))
    RangeP = max(1,min(999,RangeP))
    //
    RateMult = TrendRate / 100
    PriceRange= highest[RangeP](high) – lowest[RangeP](low)
    MyChannel = PriceRange * RateMult
    MyMA = average[MAperiods,MAtype](close)
    IF UseLR THEN
    MyMA = LinearRegression[LRperiods](close)
    ENDIF
    hh = highest[TrendP](MyMA)
    ll = lowest[TrendP](MyMA)
    diff = abs(hh – ll)
    x = 0
    IF diff > MyChannel THEN
    IF MyMA > (ll + MyChannel) THEN
    x = 1
    ELSE
    IF MyMA < (hh – MyChannel) THEN
    x = -1
    ENDIF
    ENDIF
    ENDIF
    Trend = x * diff / MyChannel
    IF Trend > 0 THEN
    r = 0
    g = 255
    b = 0
    t = 255
    IF Trend < Trend[1] THEN
    g = 128
    t = 180
    ENDIF
    ELSE
    r = 255
    g = 0
    b = 0
    t = 255
    IF Trend > Trend[1] THEN
    r = 139
    g = 0
    b = 0
    t = 255
    ENDIF
    ENDIF

    // Long Entry
    if not onmarket and trend > 0 then
    BUY 1 CONTRACTS AT MARKET
    ENDIF

    // Long Exit
    if longonmarket and trend < 0 then
    SELL AT MARKET
    ENDIF

    // Short Entry
    if not onmarket and trend < 0 then
    SELLSHORT 1 CONTRACTS AT MARKET
    endif

    // Short Exit
    if shortonmarket and trend > 0 then
    EXITSHORT AT MARKET
    ENDIF

  11. robertogozzi • 187 days ago #

    Please start a new topic in ProOrder support.

  12. Kanamax • 187 days ago #

    OK

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