OPEN-SOURCE SCRIPT
已更新

Poster Trend Analysis

3 870
This trend analysis indicator is an idea from:

Stocks & Commodities V. 40:03 (8–12): Intraday Patterns Of Price Change by Richard Poster, PhD

We decide an uptrend or downtrend is in play, if there are certain percentage of bars across N bars where the direction is the same. The default settings use what the article says, 66% of adjacent 15 bars must be in the same direction, to be trending. While the article isn't precise about what up or down bars mean, this indicator assumes an up direction if close is greater than the open.

The indicator also allows differing configurations for up and downtrend analysis, though the defaults, as per the article, are the same.
版本注释
No behavioral change.

Refactor: rename variable to be more consistent in source code.

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。