Trend Trigger Factor (TASC December 2004)

The trend trigger factor (TTF) indicator described by M.H. Pee can be easily implemented in NeuroShell Trader by combining a few of NeuroShell Trader’s 800+ indicators.   To implement TTF, select “New Indicator…” from the Insert menu and use the Indicator Wizard to create each of the following:

BUYPOWER:

    Subtract(PriceHigh(High, 15), Lag(PriceLow(Low, 15), 15))

SELLPOWER:

    Subtract(Lag(PriceHigh(High, 15), 15), PriceLow(Low, 15))

TREND TRIGGER FACTOR:

    Mul2(Divide(Subtract(BUYPOWER, SELLPOWER), Mul2(0.5, Add2(BUYPOWER, SELLPOWER))), 100)

 

To create the TTF trading system, select “New Trading Strategy…” from the Insert menu and enter the following entry and exit conditions in the appropriate locations of the Trading Strategy Wizard:

Generate a buy long MARKET order if ALL of the following are true:

    A>B(TREND TRIGGER FACTOR, 100)

Generate a sell short MARKET order if ALL of the following are true:

    A<B(TREND TRIGGER FACTOR, -100)

If you have NeuroShell Trader Professional or DayTrader Professional, you can also chhose whether the system parameters should be optimized.  After backtesting the trading strategy, use the “Detailed Analysis…” button to view the backtest and trade-by-trade statistics for the trend trigger factor trading system.

File Download

tip1204.exe

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