OPEN-SOURCE SCRIPT

[blackcat] L1 Trend Detection Index (TDI)

Level: 1

Background

The trend detection index (TDI), which can be used to help detect when a trend has begun and when it has come to an end.

Function

The Trend Detection Index (TDI) is used to identify when a trend has started and when it ends. The TDI can be used as a stand-alone indicator or combined with others; It will work well when it comes to spotting the beginning of trends. However, this does not mean that its signals are absolutely accurate.


Inputs

Price --> Price source as input.
Length --> Length input can be adjusted to tune TDI performance.

Key Signal

MktPos --> 1 for long and -1 for short

Remarks

This is a Level 1 free but closed source indicator.

Feedbacks are appreciated.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.