REQ Help with Trend Indicator

[jjthetrader]

I only found my basic 'diamond indicator' but I will explain to you what you need to do in order to complete it.

Here's it's basic background. TGuider uses a 5 period MA as it's default. You can change this for quicker responses in immediate trend changes.

Logic:
If Price closes below the MA a red dot will paint in TSation.
If Price closes above the MA a green dot will paint.

That's the basis of it. But there is a little twist that gives you the warning of a possible trend change and that is the white diamond.
Here's how the white diamond works. You'll have to code this part in but not to worry it's very simple.

If you're in a downtrend, closing below the MA then all of a sudden you get a close above the MA, that would paint you a white diamond. If price then reversed and closed below the MA on the following bar, this would also be a white diamond.

In order for either the red or green dot to paint, it will need to be the second close on that side of the MA since the first will be white.

Are you following? Good.

It's as simple as that. Here's the basic code for just red and green dots. You'll have to put in the extra conditions for the white (possible change in trend coming) dots.

inputs: Price( Close ), Length( 4 ), Displace( 0 ) ;
variables: Avg( 0 ) ;

Avg = AverageFC( Price, Length ) ;

if Displace >= 0 or CurrentBar > AbsValue( Displace ) then
begin

If Close < Avg then
begin
Plot1( Avg , "Avg", Red );
end
else
begin
Plot1 (Avg , "Avg", Green);
end;





{ Alert criteria }
if Displace <= 0 then
begin
if Price crosses over Avg then
Alert( "Price crossing over average" )
else if Price crosses under Avg then
Alert( "Price crossing under average" ) ;
end ;
end ;

Good Luck!

[deeznutzca]

Thanks for sharing!

[Blu-Ray]

Thanks JJ


I've coded it up to include the white crosses as well into the attached ELD.

Cheers

Blu-Ray

[jjthetrader]

Blu-Ray, that's awesome! Thanks for coding it up for everyone.
Crosses are what I preferred as well.

TGuider also has an intermediary trending system. It's based on volatility bands. If you close above the bands your bars turn green, below the bands they turn red. You match this sytem up with your diamonds and you've got a clear trend direction. I haven't spent a lot of time trying to reproduce them because I do most of my trading now with TGuider and less with TrdeStation.

[MC]

	Quote:	Blu-Ray
	Thanks JJ I've coded it up to include the white crosses as well into the attached ELD. Cheers Blu-Ray

Thanks a ton.

[val2004]

hi
Is it possible to have the code in txt format for ts2000i

Thanks a lot

[Blu-Ray]

	Quote:	val2004
	hi Is it possible to have the code in txt format for ts2000i Thanks a lot

Here you go:

inputs: Price( Close ), Length( 5 ),Upcolor( DarkGreen),DnColor ( DarkRed),NColor(White) ; variables: Avg( 0 ) ; Avg = AverageFC( Price, Length ) ; Condition1 = close[1] > avg[1] and close > avg; Condition2 = close[1] < avg[1] and close < avg; plot1(avg,"avg"); if close crosses above avg then setplotcolor(1,NColor); if condition1 then setplotcolor (1,upcolor); if close crosses below avg then setplotcolor(1,NColor); if condition2 then setplotcolor (1,dncolor);

Hope this helps

Blu-Ray

[val2004]

thanks a lot Blue ray .

[BlowFish]

I Think there's more to it than that. Just after 9.30 there are 2 white despite 2 closes below. 11.30 & 12.15 you get red to green and green to red with no white. Have I missed something?

Cheers.

[BlowFish]

AHh I think I see what's missing!

If the MA goes from down to up then it goes red to green immediately. If it is still down but close is above then it will go white.