Trend Indicators

Key Features

• 14 different MA types are HMA, SMA, EMA, WMA, TEMA, VWMA, TSF, TMA, LinReg, SMMA, ZeroLagEMA, ZeroLagTEMA, ZeroLagHATEMA, KAMA and VMA


• 6 different input data types, for each MA. Open, High, Low, Close, Median and Typical. You can set the first MA to be based on the Open prices, and the second MA to be based on the Typical prices.


• 5 different output symbols can be drawn to the chart at the crossing of the MA's. They are Arrows, Triangles, Diamonds, Dots, and Squares


• For programming this into a strategy, the indicator does output "Signal" plot
  It is +1 when MA1 crosses up through MA2
  It is -1 when MA1 crosses down through MA2
  It is 0 when no crosses occur


• Also, there is a "ValidZoneSize" parameter that lets the signals fire when the two MA's come within this many ticks of each other. Helpful if you want to be alerted of the possibility of an impending moving average cross.


• NOTE: When ValidZoneSize is set to some number greater than zero, the indicator now lets you flag different signals based on whether or not the MA's have become near to one another (an Inward cross), or when they have become far apart from one another (an Outward cross). You then get to draw different chart symbols based on the Inward cross, or the Outward cross. Likewise, you can specify different WAV files to be played.


• MultiColor MA support has been added. The basis for the coloring of the MA's is changed via the "ColoringBasis" parameter. There are 3 settings:
  1) OnCrossing - Colors of the MA's change when the Fast MA has crossed above or below the Slow MA.
  2) OnTrendChange - The color of each MA changes when that MA's trend changes. This is the customary multicolor MA approach.
  3) NoColorChange The colors of the MA's do not change...they stay the same regardless of crossing or trend changes. This is basically the standard monocolor approach.