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Wabbit,
There are literally dozens of modifications that can be made to this
indicator. What I coded reflected the thoughts of the article and the
info I found at wealthlab. Some other options would include changing
the SMA to another type of moving average. You could also link the
signals to some other type of momentum indicator. Keeping in mind
that the KISS method always works well, the moving averages give some
good signals. The magazine article tested the indicator and found
some fair results. The problem I think was that this indicator works
well in trending markets which don't always come as often as we'd
like. Good to see other working with the code!
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "bellamy_29m"
<bellamy_29m@xxxx> wrote:
> Similar results (0-10) instead of -100 to 100 with simpler code:
>
> {Trend Strength Indicator}
> {for metastock, coded by P Umrysh}
> {from the August 2005 issue of Active Trader Magazine}
> {modified by wabbit 08Jul05}
>
> PRD:= Input("ENTER PERIODS FOR SMA",1,100,10);
> STEP:= Input("ENTER SMA STEPS",1,50,10);
>
> (C>Mov(C,PRD+(STEP*0),S))+
> (C>Mov(C,PRD+(STEP*1),S))+
> (C>Mov(C,PRD+(STEP*2),S))+
> (C>Mov(C,PRD+(STEP*3),S))+
> (C>Mov(C,PRD+(STEP*4),S))+
> (C>Mov(C,PRD+(STEP*5),S))+
> (C>Mov(C,PRD+(STEP*6),S))+
> (C>Mov(C,PRD+(STEP*7),S))+
> (C>Mov(C,PRD+(STEP*8),S))+
> (C>Mov(C,PRD+(STEP*9),S))
>
> Hpe this helps.
>
> wabbit :D
>
> <snip>
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