Trend Indicators

Key Features

• Can send an email when a sequence is detected.

• Example of user defined Buy Sequence = "LL,LH,HL". In this example, the oldest swing is on the left, and the youngest swing is on the right. So first, a LL must occur, then, the next swing must be a LH, and finally, the last signal to occur is a HL.
• Additionally, the indicator alerts the user when an impending signal may occur by printing a message to the bottom left of the chart. As in the above example of "LL,LH,HL", and impending signal is one where a "LL,LH" has already occurred, and only the final swing remains (a "HL" in this case) to be found.
• Swing 2 letter code naming convention as follows:
• HH - swing with Higher High price than previous High swing
• LL - swing with Lower Low price than previous Low swing
• HL - swing with Higher Low than prior Low swing
• LH - swing with Lower High than prior High swing
• DT (Double Tops)
• DB (Double Bottoms)
• Can be used in Strategy Analyzer or NinjaScript...just reference the "Signal" plot.  Signal will be +1 when a BUY signal is encountered and a -1 when a SELL signal is encountered

  
  

Updates in v2:

• Two new parameters have been added in this update, called "StandardBuyPattern" and "StandardSellPattern". The user can select from any of 4 different "standard patterns":
  
  1). M_and_W
  2). Reversal_123 (basically the M_and_W but with an added confirmation step in the sequence)
  3). Continuation
  4). StrongContinuation (basically Continuation with an added confirmation step in the sequence)
  


• When the user selects "M_and_W" for the StandardBuyPattern, the indicator will overwrite the contents of "BuySequence" with the standard pattern sequence, and the indicator will run normally.
• The default BuySequence and SellSequence have been changed.