Trend verification over last 8 bars

• 01/24/2017 at 4:54 PM #22298
  ck1066

  How do I verify the existence of a prior trend, say over the last 8 bars, without using moving averages for an indicator?

  I found the following screener code below but want to convert it into an indicator and not sure how to test (Increase /NormalV), as I don’t know what it should compare against?

  REM Determine the "force" of the preceding up trend. // Find the lowest point over the last 8 bars Low8 = lowest[8](Low) // Determine the increase since this point Increase = Close - Low8 // Determine the normal volatility of the security (median of true range over the last 3 bars) NormalV = summation[3](TR) - highest[3](TR) - lowest[3](TR) REM Condition: Bearish engulfing Engulfing Filter = Close[1] > Open[1] AND Open > Close[1] AND Close < Open[1] REM Display results. Sorting Criteria: Increase/NormalV (preceding up trend force) SCREENER[Filter](Increase / NormalV AS "Up Trend Force")

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  REM Determine the "force" of the preceding up trend. // Find the lowest point over the last 8 bars Low8 = lowest[8](Low) // Determine the increase since this point Increase = Close - Low8 // Determine the normal volatility of the security (median of true range over the last 3 bars) NormalV = summation[3](TR) - highest[3](TR) - lowest[3](TR) REM Condition: Bearish engulfing Engulfing Filter = Close[1] > Open[1] AND Open > Close[1] AND Close < Open[1] REM Display results. Sorting Criteria: Increase/NormalV (preceding up trend force) SCREENER[Filter](Increase / NormalV AS "Up Trend Force")

  

  ck1066

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  01/24/2017 at 4:59 PM #22305
  Nicolas

  Just remove everything related to “Filter” and use this line as the last one (delete the line 12 first).

  RETURN Increase / NormalV AS "Up Trend Force"

  1	RETURN Increase / NormalV AS "Up Trend Force"

   

  

  Nicolas

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