Whats the best way to define an indicator’s trend?
Whats the best way to define an indicator’s trend that you’ve found?
Look at this picture for example.
I’m trying to identify the D%’s slope/trend (dotted line).
Would you use “step” and see if step1>step2 for uptrend? (or step1>step2, step2>step3, step3>step4 etc..)
Would you use moving average of indicator and wait for a cross over?
Any other means you’ve found to go about this?
I have other ways to find if the market is trending, and what type of trend it is, but this thread is only about finding the indicator’s trend, not the market’s.
P.S. This system is for discretionary/manual trades, EA is only for signal!
This is probably the best way to define an indicator’s trend.
Using the indicator highest/lowest function added by Marc it is now pretty easily defined but I had not thought of it till recently for this application.
The indicator I am look @ is the stochastic which we know is an oscillator. I’m looking to define when its in a down trend, and when its in an uptrend.
Since these swings do not last long in duration, I have chosen the highest/lowest lookback period to only be 5 bars. If I were using an ATR or an ADX, indicators the trend much longer, I would use a longer lookback period.
This is how you find out an indicator’s trend now.
Example is stoch.
(for up trend)
Stoch(7,10,4)[step1] > Indicator Highest (0,5(stoch(7,10,4)[step2])
If this second step is 1, and the indicator makes new highs the result will be =. ‘Indicator highest Stoch’ step must be 2.
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