Trend detection codes

• 02/16/2022 at 1:33 PM #188349
  deletedaccount051022

  Interesting approach pableitor

  Reminds me of an approach developed by Art Collins which identifies a “bias”.  Create a variable called bias, if the first trend criteria is met then bias = bias + 1.  For each trend criteria that is met then you add +1 to the bias variable.

  Once bias exceeds a threshold, eg 5, the algo trades long or short

  //Variables Parameters Once Bias = 0 //Creating Bias Scenarios If Close>average[p,t] Then Bias = Bias +1 EndIf If Close>highest[50] Then Bias = Bias +1 EndIf If RSI[14] > 30 Then Bias = Bias +1 EndIf If Close>Open Then Bias = Bias +1 EndIf If Close>Close[1] and Close[1]>Close[2] and Close[2]>Close[3] Then Bias = Bias +1 EndIf // Conditions to enter long positions If Bias>5 Then Buy PositionSize CONTRACTS AT MARKET ENDIF

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

  //Variables Parameters Once Bias = 0   //Creating Bias Scenarios If Close>average[p,t] Then Bias = Bias +1 EndIf   If Close>highest[50] Then Bias = Bias +1 EndIf   If RSI[14] > 30 Then Bias = Bias +1 EndIf   If Close>Open Then Bias = Bias +1 EndIf   If Close>Close[1] and Close[1]>Close[2] and Close[2]>Close[3] Then Bias = Bias +1 EndIf   // Conditions to enter long positions If Bias>5 Then Buy PositionSize CONTRACTS AT MARKET ENDIF

  1 user thanked author for this post.

  nonetheless

  

  deletedaccount051022

  Participant

  Topics: 26

  Replies: 139

  Been thanked: 99 times
  02/16/2022 at 2:34 PM #188352
  nonetheless

  thanks for that, definitely worth playing around with.

  To my mind it only makes sense with bias less than the total number of scenarios though, otherwise you might as well just add all the Bias Scenarios as conditions.

  But if it could work with any 3 out of 5, for example, that could be a useful way of ‘accruing probability’.

  They could conceivably be weighted, so that some counted more than others ???

  

  nonetheless

  Participant

  Topics: 83

  Replies: 1237

  Been thanked: 978 times
  02/16/2022 at 4:20 PM #188357
  deletedaccount051022

  I like your idea of weighting the different scenarios, will give that a try.

  

  deletedaccount051022

  Participant

  Topics: 26

  Replies: 139

  Been thanked: 99 times
  02/16/2022 at 5:19 PM #188358
  phoentzs

  As already mentioned here, the perfect trend indicator does not exist. That’s why I try to determine the trend of the current market phase with relatively simple means and to use it. Sometimes the current market phase is only 10000bars long (TF M5), sometimes 50000bars. I can perhaps say I am optimizing today, others say you are lagging behind the market. If you re-optimize every few weeks. But for me this method seems to work quite well. If the result curve flattens out, it’s time to re-optimize. Maybe someday there will be a perfect trend over the last 10 years… but I don’t believe in it.

  

  phoentzs

  Participant

  Topics: 86

  Replies: 983

  Been thanked: 211 times
  02/18/2022 at 9:13 AM #188439
  Nicolas

  I think that the approach could be different: by identifying market phases (such as pullback, lateral movement, accumulation, distribution, ..) we don’t have to determine if the market is trending or not, because if we are not in one of that identified phase, then the price movement is sufficient to ride it to extract some money. It’s a bit like turning the problem upside down.

  1 user thanked author for this post.

  

  Nicolas

  Keymaster

  Topics: 81

  Replies: 20867

  Been thanked: 4783 times
  02/18/2022 at 9:52 AM #188450
  phoentzs

  Sounds logical. But how would you implement that in the code to exclude the non-lucrative market phases?

  

  phoentzs

  Participant

  Topics: 86

  Replies: 983

  Been thanked: 211 times
  02/18/2022 at 12:18 PM #188458
  pableitor

  phoentzs wrote:

  Sounds logical. But how would you implement that in the code to exclude the non-lucrative market phases?

  That would be the 1 billion indicator !

  

  pableitor

  Participant

  Topics: 22

  Replies: 128

  Been thanked: 48 times
  02/18/2022 at 12:26 PM #188461
  phoentzs

  And how would you try? 😉

  

  phoentzs

  Participant

  Topics: 86

  Replies: 983

  Been thanked: 211 times
  02/18/2022 at 2:10 PM #188470
  PeterSt

  Throw 1 billion at it ?

  

  PeterSt

  Participant

  Topics: 73

  Replies: 2620

  Been thanked: 871 times
  02/18/2022 at 2:28 PM #188471
  nonetheless

  here’s a short trend indicator that never fails:

  if opendayofweek = 5 and (Russia is about to invade Ukraine) then sell 1000 contracts at market endif

  1 2 3

  if opendayofweek = 5 and (Russia is about to invade Ukraine) then sell 1000 contracts at market endif

  3 users thanked author for this post.

  paisantrader, Midlanddave

  

  nonetheless

  Participant

  Topics: 83

  Replies: 1237

  Been thanked: 978 times
  02/18/2022 at 2:31 PM #188473
  PeterSt

  It gives an unknown command ?

  1 user thanked author for this post.

  jacques34

  

  PeterSt

  Participant

  Topics: 73

  Replies: 2620

  Been thanked: 871 times
  02/18/2022 at 2:37 PM #188475
  nonetheless

  yeah, the coding for that bit in brackets needs some work … but you get the idea.

  

  nonetheless

  Participant

  Topics: 83

  Replies: 1237

  Been thanked: 978 times
  02/18/2022 at 2:54 PM #188476
  pableitor

  phoentzs wrote:

  And how would you try? 😉

  ok , I will  give you the one and only trend indicator that will make you rich, it works  99.99% of the time 🤣 :

  if pableitor is longonmarket then sell 1000 contracts elsif pableitor is shortonmarket then buy 1000 contracts endif

  1 2 3 4 5

  if pableitor is longonmarket then sell 1000 contracts   elsif pableitor is shortonmarket then buy 1000 contracts endif

   

   

  3 users thanked author for this post.

  Midlanddave, nonetheless, PeterSt

  

  pableitor

  Participant

  Topics: 22

  Replies: 128

  Been thanked: 48 times
  02/18/2022 at 2:59 PM #188477
  PeterSt

  We can’t use the data of another instrument. But V12 will allow to look at the data from other traders ?
  Cool !

  

  PeterSt

  Participant

  Topics: 73

  Replies: 2620

  Been thanked: 871 times
  02/18/2022 at 3:24 PM #188479
  nonetheless

  @pableitor, I know it feels that way sometimes – we’ve all been there!

  

  nonetheless

  Participant

  Topics: 83

  Replies: 1237

  Been thanked: 978 times
• Author
  Posts