The U Trend Sensor oscillator is derived from the step percent variation of 2 different types of triangular moving average. When the oscillator return values over the zero level, a bullish trend is occuring, while a bearish one occurs when the oscillator navigate below this level.

Because of treshold of variations are inherit from percentage of price movement, this parameters must be adapted to the instrument and the timeframe where the indicator is attached.

Trades signals can also be taken more agressivly by crossing of the signal line and the UTS one. Signal line can be desactivated into parameters.

Parameters (example on DAX 2h timeframe)

• periodf = 50
• periods = 200
• fpercent = 1
• spercent = 0.5
• p = 10
• psignal = 20

  once fss = close
  once sss = close
  
  fMA = TriangularAverage[periodf](close)
  sMA = TriangularAverage[periods](close)
  
  if(fMA > fss + (fMA/100)*fpercent) THEN
    fss = fMA
  ELSIF (fMA < fss - (fMA/100)*fpercent) THEN
    fss = fMA
  ELSE
    fss = fss
  ENDIF
  
  if(sMA > sss + (sMA/100)*spercent) THEN
    sss = sMA
  ELSIF (sMA < sss - (sMA/100)*spercent) THEN
    sss = sMA
  ELSE
    sss = sss
  ENDIF
  
  U = fss - sss
  UMM = exponentialaverage[p](U)
  
  if(plotsignal) THEN
    signal = average[psignal](UMM)
  ENDIF
  
  RETURN UMM as "U Trend Sensor", signal as "signal", 0 as "zero level"