Triangular MA StairStep with percent variation
October 21, 2015, 8:39 PM
Indicators
0 Comments
Another version of the “stair step” representation of price moving within percentage variation of the Triangular moving average to draw the steps.
I add another simple MA to act like a signal for trend following identification. When the 2 lines are flat, market is ranging.
I believe it can be easily take part of trend following strategy of all sort.
//parameters :
//percent = 1 (daily)
//period = 100 (daily timeframe period of the triangular moving average
//SignalPeriod = 30
once ssMA = close
MA = TriangularAverage[period](close)
if(MA > ssMA + (MA/100)*percent) THEN
ssMA = MA
ELSIF (MA < ssMA - (MA/100)*percent) THEN
ssMA = MA
ELSE
ssMA = ssMA
ENDIF
signalLine = average[SignalPeriod](ssMA)
RETURN ssMA coloured(21,188,206), signalLine
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Filename:
trend-following.png
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Filename:
StairStep-Percent-TriAverage.itf
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