accurate trend detection methods

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  • 03/01/2021 at 9:56 AM #162804 quote
    kevin12345
    Participant
    Average

    hi,

    is there an accurate trend detention method out there?

    thanks

    03/01/2021 at 9:59 AM #162806 quote
    Nicolas
    Keymaster
    Master

    If you can definite in logic what is a trend, then it can be possible to code an accurate method 🙂

    03/01/2021 at 10:13 AM #162810 quote
    kevin12345
    Participant
    Average

    when i look at i chart, i draw a straight line of best fit across all candles and if the angle with respect to the horizontal is greater than 0 then it is a uptrend. vice versus for downtrend.

    03/01/2021 at 10:19 AM #162811 quote
    kevin12345
    Participant
    Average

    i guess moving average is a good starter

    03/01/2021 at 10:41 AM #162819 quote
    Nicolas
    Keymaster
    Master

    Ok, so you are looking at regression line slope, so you’ll get the same with:

    bullish = linearregressionslope[max(1,barindex)] > 0
bearish = linearregressionslope[max(1,barindex)] < 0

return bullish coloured(0,255,0) style(histogram), bearish coloured(255,0,0) style(histogram)
    03/01/2021 at 10:51 AM #162825 quote
    kevin12345
    Participant
    Average

    how does the return command work?

    DEFPARAM CUMULATEORDERS = false

bullish = linearregressionslope[max(1,barindex)] > 0
bearish = linearregressionslope[max(1,barindex)] < 0
 
return bullish coloured(0,255,0) style(histogram), bearish coloured(255,0,0) style(histogram)

if bullish then
buy 1 contracts at market
endif

if bearish then 
sellshort 1 contracts at market
endif

set stop ploss 30
set target profit 45

    says there is some error on the return line

    03/01/2021 at 11:45 AM #162842 quote
    Vonasi
    Moderator
    Master

    You have posted strategy code. RETURN is only used in indicators. Nicolas provided indicator code. Delete the RETURN line in your strategy.

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accurate trend detection methods


ProOrder: Automated Strategies & Backtesting

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kevin12345 @kevin12345 Participant
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This topic contains 6 replies,
has 3 voices, and was last updated by Vonasi
4 years, 12 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 03/01/2021
Status: Active
Attachments: No files
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