Trend Indicator showing strength and direction of trend. It is using mainly my own modified idea based on Random Walk. There are 3 main categories of subtrends being evaluated by script and therefore taken into account for calculation of Trend:
Currently trend is calculated based on Major and Minor Subtrends. By default shown on Indicator is only Major Trend (too not mess up Indicator's display) but from Style tab you have possibility to display more Subtrends.
In future releases I will update script to cover calculations also taking into account Immediate Trend.
There's possibility to set up "sensitivity" of calculations by adjusting Random Walk runs for Major and Minor subtrends. I find this trend indicator very helpful when judging potential Entry and Exit points (for confirmation of my decisions).
- Major Trend
- Minor Trend
- Immediate Trend
Currently trend is calculated based on Major and Minor Subtrends. By default shown on Indicator is only Major Trend (too not mess up Indicator's display) but from Style tab you have possibility to display more Subtrends.
In future releases I will update script to cover calculations also taking into account Immediate Trend.
There's possibility to set up "sensitivity" of calculations by adjusting Random Walk runs for Major and Minor subtrends. I find this trend indicator very helpful when judging potential Entry and Exit points (for confirmation of my decisions).
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S&P500 Options free data: https://yorgwarez.com/spx-sp500-options-data/
Trading Strategy Guide: https://yorgwarez.com/trading-strategy/