24222 obejrzeń
This is plots the indicator developed by Andrew Abraham
in the Trading the Trend article of TASC September 1998
```////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 21/08/2014
// This is plots the indicator developed by Andrew Abraham
// in the Trading the Trend article of TASC September 1998
////////////////////////////////////////////////////////////
study(title="Trend Trader Strategy", overlay = true)
Length = input(21, minval=1),
Multiplier = input(3, minval=1)
avgTR      = wma(atr(1), Length)
highestC   = highest(Length)
lowestC    = lowest(Length)
hiLimit = highestC[1]-(avgTR[1] * Multiplier)
loLimit = lowestC[1]+(avgTR[1] * Multiplier)
ret = iff(close > hiLimit and close > loLimit, hiLimit,
iff(close < loLimit and close < hiLimit, loLimit, nz(ret[1], 0)))
pos =	iff(close > ret, 1,
iff(close < ret, -1, nz(pos[1], 0)))
barcolor(pos == -1 ? red: pos == 1 ? green : blue )
plot(ret, color= blue , title="Trend Trader Strategy")```

## Komentarze

One of the best indicators I have come across so far!! Please keep up the good work.
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What is the best time frame for doing intrday using this indicator?
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sanjeevsaraf19
@sanjeevsaraf19, in sideways market ?
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Not useful if it repaints...
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@rocketrader, how do u know if it repaints ?
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Aominee
@Aominee, yes, that's what the author says in the thread below.
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Hello @HPotter
How can I use it on MT4, please let me know.
Thank you.
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Hi,
Thanks for this.
Don't know how to code and hoping you can help.
Just wondering if you can make a V2 that ads another line "hilimit/lolimit" but with another multiplier (i.e 2)

The purpose of which could be for getting out of the trade quicker or adding to positions if price bounces off this new line.

regards
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blueSkies
hi @HPotter ,
I got it to work. :)
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