[J-S]

Blu Ray,

First, just a few comments. Believe me, I NEVER expected you or anyone else here to actually code anything for me! I just thought that someone might know of something in the universe of TS codes out there that might fit the description of what I'm looking for. I'm TRULY grateful! I wish you would have made that clear, though. The fact is, I've never (believe it or not) taken a screenshot of TS before. At first it wasn't uploading to this forum properly. Finally I tried saving the image as a jpeg instead of a bitmap file and now it seems to have worked. I just thought that a good description would be as good as an image, but I guess you feel otherwise. But again, had I known that you were actually going to attempt to code something, I would have acted differently.

Also, I have no doubt that Thrunner's information is, yes, excellent, and it wasn't my intention to dismiss it. It's just that I try to trade (like, I would think, most serious traders) very rule-based, and this definition of a trend fits my rules. I'm not saying that others aren't valid -- they're just not mine. Please keep in mind that what I'm trying to do here, in labeling these trends, is to disqualify potential trades without having to take the time to actually "count" the trend -- obviously very hard to do in a fast-moving market.

Anyway, the good news is that I found a perfect pic for you! As you'll see from my annotations on the actual chart, the upmove on the left does NOT constitute a trend according to my rules because the six-tick retracement prevents it from being one. The downmove on the right IS a trend, as there is no six-tick retracement. By the way, you'll notice that my bars are of a much shorter timeframe (well, volume level, actually) than the ones in your image. I suppose it doesn't really make a difference in the actual calculation, but it's certainly clearer visually when there are more bars involved. Maybe that's part of the confusion here. So, finally, here's the chart! Thanks again.