(HT) HalfTrend

HalfTrend is a trend-following indicator that calculates dynamic levels based on price action and market volatility. It uses the Average True Range (ATR) multiplied by a user-defined amplitude to identify potential trend reversals and determine the current market direction.

Key Features:

• Trend Detection: The indicator identifies uptrends and downtrends by comparing current price levels to dynamic thresholds.

• ATR-Based Volatility Adjustments: ATR is used as a volatility measure, with adjustable parameters (AtrLength, Amplitude) to suit different markets and trading conditions.

• Dynamic Level Calculation: HalfTrend dynamically adjusts trailing levels, allowing it to adapt to changing market conditions and provide more accurate trend signals.

• Clear Outputs: It outputs a single trend line that visually highlights the current trend direction, making it easy to follow in real-time.

Parameters:

• AtrLength: Specifies the number of bars to use for ATR calculation.

• Amplitude: A multiplier applied to ATR that defines the distance needed to signal a trend change.

• Shift: (Optional) An offset applied to the indicator output.

Practical Use:
The HalfTrend indicator is best used as part of a trend-following strategy. You can use it identify the current trend, set stop-loss levels, or confirm entries and exits. By combining a moving-average style approach with volatility-based thresholds, HalfTrend offers a reliable, adaptive method for capturing trending market conditions.

Indicator Availability:
This indicator is implemented for MT4, MT5, TradeStation, and MultiCharts.

Using Custom Blocks for Conditions:
You can easily define your own conditions in StrategyQuant X using Custom Blocks. This allows you to set up parameters such as periods or steps to fine-tune the indicator to your strategy. For more detailed information, refer to the following resources:

• StrategyQuant Documentation: Custom Blocks

• StrategyQuant Documentation: Strategy Templates & Custom Blocks

• StrategyQuant YouTube Tutorial: Custom Blocks Overview

Importing Custom Indicators into SQX:
To import custom indicators into StrategyQuant X, follow the step-by-step instructions provided here:
Import & Export Custom Indicators and Other Snippets