OPEN-SOURCE SCRIPT
Trading the Trend
Trading the Trend Indicator by Andrew Abraham (TASC, 1998)
The Trading the Trend indicator, developed by Andrew Abraham, combines volatility and trend-following principles to identify market direction. It uses a 21-period weighted average of the True Range (ATR) to measure volatility and define uptrends and downtrends.
Calculation: The True Range (highest high minus lowest low) is smoothed using a 21-period weighted moving average. This forms the basis for the trend filter, setting dynamic thresholds for trend identification.
Uptrend: Higher highs are confirmed when price stays above the upper threshold, signaling long opportunities.
Downtrend: Lower lows are identified when price stays below the lower threshold, favoring short positions.
This system emphasizes trading only in the direction of the prevailing trend, filtering out market noise and focusing on sustained price movements.
The trendline changes her color. When there is an uptrend the trendline is blue and when the trend is downward the trendline is yellow.
The Trading the Trend indicator, developed by Andrew Abraham, combines volatility and trend-following principles to identify market direction. It uses a 21-period weighted average of the True Range (ATR) to measure volatility and define uptrends and downtrends.
Calculation: The True Range (highest high minus lowest low) is smoothed using a 21-period weighted moving average. This forms the basis for the trend filter, setting dynamic thresholds for trend identification.
Uptrend: Higher highs are confirmed when price stays above the upper threshold, signaling long opportunities.
Downtrend: Lower lows are identified when price stays below the lower threshold, favoring short positions.
This system emphasizes trading only in the direction of the prevailing trend, filtering out market noise and focusing on sustained price movements.
The trendline changes her color. When there is an uptrend the trendline is blue and when the trend is downward the trendline is yellow.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。