Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

%TREND Calculations

Recommended Posts

%TREND: Absolute value of (CLOSE - OPEN) / RANGE

 

This calculation tells us whether or not the trading day was a trend day or nontrend day. It the close was at the upper or lower range, we will get %TREND reading close to 100%. If market direction was relatively unchanged and the markets closed near the open, we will get a %TREND reading closer to 0%. A high %TREND informs us of market imbalance. The markets usually take breather and will consolidate after a high %TREND day.

Therefore, the %TREND helps us anticipate what type of day we are likely to have.

Share this post


Link to post
Share on other sites

ok Soul thats great ¡¡ I asume range is high - low ?.... do you have some archive of this in excell something historical ? this makes great sense its like squeeze, (contraction/expansion) from day to day concept type... thanks Soul again ¡¡ cheers Walter.

Share this post


Link to post
Share on other sites
Guest cooter

Does RANGE = ATR (average true range) in this equation? Is there a Tradestation indicator for this?

Share this post


Link to post
Share on other sites

The short answer is no.

 

Range = High - Low

 

Having said that, one could try to substitute range with true range. Soul said he uses Value Area High and Value Area Low also. So I am thinking he gets two sets of numbers: the traditional %trend and the Value Area % trend.

 

If that is correct, then I would gues one could get a True Range % trend.

 

***edit: Just wanted to add, that the tool is measuring market facilitation. That is, how effectively price moved thru the period. Or in a word, trend. Thus True Range may not be appropriate for the calculation. However, I could be wrong.

Share this post


Link to post
Share on other sites

Range is the high minus the low. I personally just use the %TREND. With value area, I simply watch whether the value area is overlapping or not. Walterw, can you pm me your email... I can send you a simple spreadsheat that I use. It has data going back to May of 2006.

Share this post


Link to post
Share on other sites
Guest cooter

Can you give us a visual representation of what you are talking about then?

 

Thxs.

Share this post


Link to post
Share on other sites
Range is the high minus the low. I personally just use the %TREND. With value area, I simply watch whether the value area is overlapping or not. Walterw, can you pm me your email... I can send you a simple spreadsheat that I use. It has data going back to May of 2006.

 

Yes. I was thinking about it and the range of the output is 0-1 and it is possible to open up and close outside of the Value Area.

 

Mark Fisher's Pivot Range also can be used in this same way. It often narrows prior to volatility breakouts.

Share this post


Link to post
Share on other sites
Guest cooter

Thanks for this WalterW.

 

I get a "Attempt to divide by zero" error when I try to run this in TS 8.2.

 

Any suggestions on how to fix it and get a working copy?

Share this post


Link to post
Share on other sites
Thanks for this WalterW.

 

I get a "Attempt to divide by zero" error when I try to run this in TS 8.2.

 

Any suggestions on how to fix it and get a working copy?

 

It needs to be on a daily chart.

 

 

Walterw

 

Thanks for the indicator, I slightly modified the code just for easier reading

 

value3= (value2 / value1)*100;

 

 

Cheers

 

Blu-Ray

Share this post


Link to post
Share on other sites
It needs to be on a daily chart.

 

Apologies Cooter

 

I got the same message as you and thought it only worked on a daily chart, however, after opening a new chart it does work on intraday as well.

 

Blu-Ray

Share this post


Link to post
Share on other sites
Guest cooter

No problem, Blu-ray.

 

Still doesn't run on TS 8.2 - either daily or intraday charts?

 

Anything I can do to make it run?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By mirko994
      Hello guys,
      Anyone has the code of this indicator?  I am trying to find the logic behind it.
      Trend Magic Indicator FREE
       
      Kind regards,
       
      Mirko

  • Topics

  • Posts

    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.