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Moving Trend Indicator
Moving Trend Indicator
Rather than using two moving averages which is slow. Using Moving Trend and Moving Averages give better and
faster signals. Something to explore for those who like crossovers.
Code:
MovTrend20 = LinearReg( Close, 20 ); // calculate moving trend
// plot moving trend, moving average and price bars
Plot( MovTrend20, "MovTrend-20", colorRed, styleThick );
Plot( MA( Close, 20 ), "MA-20", colorBlue, styleThick );
Plot( Close, "Price", IIf(Close > Open, colorDarkGreen,
colorDarkRed), styleBar) ;