HL avg MTF

20 Kas 2019

This indicator try to find trends more accurate
So first step is to make candle MTF and to find the average of high and low of the MTF candle. I think a ratio of 4/1 is good .
so this seen in the lime /red line
after we take this line and transform it to linear regression type . I use here 50 candle size seen in blue line
if close are above the blue line then we are above the avg of the high and low of the mtf candle .. this indicate a positive trend. if we close is bellow the blue line then it a negative trend and it good time to short it .
also very important is the direction of the blue line as it give us the direction of the trend

20 Kas 2019

Sürüm Notları

add trend color instead the blue line using the code that fikira posted
I think now it better
thanks for fikira for this improvment

21 Kas 2019

Sürüm Notları

change the way the XY which is the mean line of high and low +add signal to it
This is a modified script based on Alex grover trend detection method for link to original study for this method 'scroll down in script for lik

19 Ağu 2020

Sürüm Notları

try to fix issue of repaint