Trend Quality Indicator (TASC April 2004)

The Trend Quality Indicators described by David Sepiashvili can be easily implemented in the NeuroShell Trader by combining a few of the NeuroShell Trader’s over 800 indicators and two custom indicators. To implement the Q-Indicator and B-Indicator, select “New Indicator…” from the “Insert” menu and use the Indicator Wizard to create the following indicators:

REVERSAL:
OR2 ( ExpCrossAbove(Close,7,15), ExpCrossBelow(Close,7,15) )
CPC:
PiecewiseCumulativeChange ( Close, REVERSAL )
TREND:
PiecewiseExpAvg ( CPC, REVERSAL, 4 )
DT:
Sub ( CPC, TREND )
NOISE:
Mult2 ( 2, Sqrt ( MovAvg ( Mult2 ( DT, DT ), 250 ) ) )
QINDICATOR:
Divide ( TREND, NOISE )
BINDICATOR:
Divide ( AbsoluteValue ( TREND ), Add2 ( AbsoluteValue ( TREND ), NOISE ) )

Note that the PiecewiseCumulativeChange and PiecewiseExpAvg indicators are custom indicators.

File Download

tip0404.exe

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