Q-Trend

Q-Trend

Q-Trend is an multipurpose indicatorm that can be used for swing- and trend-trading equally on any timeframe (non-volatile markets are better for this thing).

Settings:

  • Trend period – used to calculate trend line in the special moments(will explain below);
  • ATR Multiplier – changes sensitivity. The higher the multiplier = the more sensitive it is.
  • Also option to smooth source data (helps get cleaner signals, as always).

How to use?
Signals are given on the chart. Also ou can use trend line as S/R line.

The idea behind:

Terms:
SRС = Source
TL = trend line;
MP = ATR multiplier;
ATR = ATR 🙂
TL = (highest of source P-bars back + lowest of source P-bars back) / 2
Epsilon = MP * ATR
I was thinking for a week about combining volatility and relation between highest and lowest price point. That why I called indicator Q-Trend = Quantitative Trend, as I was trying to think about price in a mathematical way.

Okay, time to go philosophical:
1) TL is shows good price trend, but as it is slow enough and not enough informative, we need add additional conditions to produce signals.
2) Okay, so what can we add as conditions? We need to take volatility into account, as it is crucial in the moments of market uncertainty. So let’s use ATR (Average True Range) somehow. My idea is that if SRC breaks TL + ATR, then it means that there will be upmove and we update our TL. Analogically for SRC breaking TL – ATR (breaks are crosses of TL +- ATR lines).
Conclusion:
– if SRC breaks TL + ATR, it is a BUY signal and update of trend line;
– if SRC breaks TL – ATR, it is a SELL signal and update of trend line;

(description from original author: tarasenko_)

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Ozons • 07/17/2023 #

    Bonjour Nicolas, merci pour le code

  2. NEOMKEY • 07/17/2023 #

    Hello everyone. Great job Nicolás, and any input is appreciated. But isn’t there a way for the entry arrow to be drawn on the closed candle and not on the previous candle?. Thank you very much again.

    • Nicolas • 07/17/2023 #

      Change any reference to barindex[1],m[1] with barindex[0],m[0]

  3. NEOMKEY • 07/17/2023 #

    Thank you very much Nicolás.

  4. T-rader • 07/17/2023 #

    Thanks for great indicator. Translated it to a algo. How come I can´t get the strongbut and strongsell to work?

    // —settings
    p = 200 //Trend period
    atrp = 14 //ATR Period
    mult = 1.0 //ATR Multiplier
    mode = 1 //Signal mode options = [1=”Type A”, 2=”Type B”]
    useemasmoother = 0 //Smooth source with EMA? 0=false ; 1=true
    srcemaperiod = 3 //EMA Smoother period
    colorbars = 0 //Color bars? 0=false ; 1=true
    signalsview = 1 //0 = trend inversion ; 1 = strong buy / strong sell only
    // — end of settings
    Ls=1

    source = customclose

    // Calculations
    if useemasmoother then
    src = average[srcemaperiod,1](source)
    else
    src=source
    endif

    hh = highest[p](src) // Highest of src p-bars back;
    ll = lowest[p](src) // Lowest of src p-bars back.
    d = hh – ll

    if barindex>p then
    once m = (hh + ll) / 2 // Initial trend line;
    atr = AverageTrueRange[atrp][1] // ATR;
    epsilon = mult * atr // Epsilon is a mathematical variable used in many different theorems in order to simplify work with mathematical object. Here it used as sensitivity measure.

    if mode=2 then //type B
    changeup = src crosses over m+epsilon or src crosses under m+epsilon
    changedown = src crosses over m-epsilon or src crosses under m-epsilon
    else
    changeup = src crosses over m+epsilon or src > m+epsilon
    changedown = src crosses under m-epsilon or src < m-epsilon
    endif

    sb = open < ll + d / 8 and open >= ll
    ss = open > hh – d / 8 and open <= hh
    strongbuy = sb or sb[1] or sb[2] or sb[3] or sb[4]
    strongsell = ss or ss[1] or ss[2] or ss[3] or ss[4]

    endif

    if (changeup or changedown) then
    if changeup then
    m=m + epsilon
    elsif changedown then
    m=m – epsilon
    endif
    else
    m=m[1]
    endif

    if changeup then
    r=0
    g=255
    elsif changedown then
    r=255
    g=0
    endif

    if signalsview=1 then
    if strongbuy and ls<>1 then
    buy at market
    endif

    if strongsell and ls<>-1 then
    sell at market
    endif

    //if r<>r[1]and r>0 then
    //sell at market
    //endif

    //if r<>r[1]and r=0 then
    //buy at market
    //endif

    endif

    • Nicolas • 07/17/2023 #

      thanks for opening a specific topic in the ProOrder forum.

    • doo23559 • 07/17/2023 #

      Brother , It`s not work .
      I want to be auto trade based on the signals

  5. JC_Bywan • 07/17/2023 #

    Link to automatic strategy topic in forum: https://www.prorealcode.com/topic/strategy-based-on-q-trend/

  6. Gigi • 07/17/2023 #

    Bonjour, cet indicateur repeint il? Par avance, merci pour la réponse.

    • Nicolas • 07/17/2023 #

      Non, il n’y a pas d’indicateur qui repeint avec PRT.

  7. JADINVEST • 07/17/2023 #

    Hello everyone,
    Great work, thank you Nicolas for this indicator that I really appreciate.
    Would it be possible to create a sreener with the possibility of displaying weak and/or strong signals?
    a topic is already open : https://www.prorealcode.com/topic/creer-un-screener-base-sur-q-trend
    Thanks //

    edit: the screener is in the topic, thanks
    What about the strategy please: https://www.prorealcode.com/topic/strategy-based-on-q-trend

  8. lkiklkik • 07/17/2023 #

    merci ! semble très sympa couplé avec une MM.

  9. yassinoumas33 • 07/17/2023 #

    how to add this indicator to mt4 please

    • Nicolas • 07/17/2023 #

      You can’t, all codes shared here are to be used with ProRealTime trading platform: https://trading.prorealtime.com/en/

  10. Anthony2A • 07/17/2023 #

    Bjr, j ai des erreurs sur la ligne 69, 74, 78 et 80.
    sur drawcandle drawtext et endif.
    si quelqu un pourrait m aider svp

  11. Lucas0000 • 07/17/2023 #

    Hello, Congratulations on this programming, it seems incredible to me, I am new to this but I would like to know if you have this automated Q-trend indicator, I think it is proorder, that it makes the entries and exits automatically in the color change, and if not Do you have it, how could I get it?…
    Thank you.

  12. plbourse • 07/17/2023 #

    Hello, I am trying to use this singal (in fact I have converted it to an indicateur giving Bull/Bear phases, but I would like to have it more sensitive, i.e would accept a higher lagging time before the indicator changes from Bull to Bear (or changes from green to red in the original version) does anybody have a clue on which parameters I should act ?
    Thanks in advance

  13. manfeber • 281 days ago #

    Buenos dias,alguien me podria decir como se descargar el archivo o el indicador Q-Trend??,ya que solo se me ha descargado un archivo ue no puedo abrir con el nombre PRC_Q-Trend.itf???

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+4 more likes

Related users ' posts
HeikinAshi Do you have an update of this indicator since you've created them, or is this still the actu...
mcha Thank you for this work. Do you try to transform/put this indicator on candlesticks and is ...
David Balance thanks for sharing this excellent indicator.  Here are some thoughts.  please ad...
reb Hello Marc your strat seems very intersting, will take a look Reb
897148 What exactly is meant by Total price? Is r1 =28 in your example the no of days for "Total P...
otty82  THX looks good!
century nice one , thank you
arvindrao01 Hey! Does anyone have a pinescript (tradingview) code for this?
imokdesign Hi Everybody, when I look at the strategy I felt the need to implement a Moneymanagement-Sy...
Inertia newlevel then multiplier=multiplier+1 oldlevel=newlevel newlevel=strategyprofit+startequi...
Inertia Hi Bjoern, I was playing around with your code this morning (EUR/USD 5'). Thank you to the...
CavalierDeCesDames Bonjour Nicolas, Thanks for your use full job. I tried this indicator on a shorter timefram...
Nicolas You are welcome. I'm glad you like it.
Bolbo It does not appear over the price indicator on V11. Thanks in advance.
bearbull As per PhilipSchultz question above, has anybody managed to add code for when it turns blue,...
Ybr35 Bonjour Nicolas, lorsque je lance l'indicateur, il m'est indiqué que je dois définir les var...
Nicolas L'idéal est de télécharger le fichier itf joint sur cette page et de l'importer dans la plat...
Nicolas Merci dans ce cas d'ouvrir un sujet dans le forum ProScreener svp.
Andrea Hi Nicolas, thx for your code. Please i need your help to understand this part of your code:...
Nicolas the MA200 is ascending since 20 periods.
Regan2020 Hi, has anybody update the above code to enable on a 15m or 5m TF?
gigi64 ik heb de code op mijn pro realtime gezet , en bij indicator staat hij erbij maar komt niet ...
gigi64 I have put the code on my pro realtime, and it is on the indicator, but it does not appear o...
supertiti Thanks you so much Lucassen
dreif123 hi, copied the above code, not working on 10.3 the system says "return can only be used at ...
LUCASSEN Hallo , i have no problem , and i have the same versie 10.3, maybe you can ask Nicolas, tha...
Krallenmann Hallo Nicolas, kannst du mir die Regeln für den Halftrend Indikator sagen? Aus dem Code kann...
davefransman Dear Nicolas, i want set a alert on the "HalfTrend "custom moving average" met Heikin Ashi w...
Nicolas Please post the question in a new forum topic, that would need custom coding I believe.
Lyam Pareil ne marche pas dommage
ahmedbouaziz89 Bonjour, quand j'ajoute le code ou le fichier dans l'outils screeners de Prorealtime je ne v...
tyvix Bonjour le code marche bien c est juste qu'il n y a pas d opportunité au moment ou vous le...
verdi55 Is there such a thing as a free lunch ?
maceng Thanks Nicolas for this great work! I would like to understand the math behind it in order t...
Nicolas Sorry I have no time to provide assistance for python programmers. Have a good day.
Maz Hi all, firstly happy to know that this is helping you. I look into updating it for PRT11 wh...
Nicolas just use 3 times a linear regression channel code you will find in the library.
leederbyshire Here's the link to alternative linear regression channel indicator Nicolas is referring to t...
Wing Yes, investigate as much as you want. For more insight, you can view the linet1, linet2 etc....
CKW Hi Wing, Thanks for your sharing. I am still trying to breakdown & understand your code...
Wing Hello CKW. No, the parameter, 7 in this case, is used when calling the RSI indicator to ide...
Nicolas Je vais faire l'indicateur et expliquer comment en même temps dans un sujet de forum. Plus s...
gregus merci nicolas toute ma gratitude est pour toi sa sera bien pratique car je pense ne pas etre...
Nicolas Ok merci donc d'ouvrir un sujet spécifique pour cette demande donc :) 
algotrader This indicator looks coolBut on attempt to use it for a strategy dev'I get an error.."The in...
dajvop @algotrader if you at the bottom of the code add: RETURN Buffer1 as "up", Buffer2 as "down",...
Bateson Si cela peut servir, l'indicateur Sadukey a été créé en utilisant un générateur de filtre ap...
Nicolas
9 years ago
ALMA MACD
ALMA MACD
7
Indicators
Arnaud HALVICK Great indicator, thank you!
JMat45 Hi Nicolas, just reviewing this indicator and noticed that you have double assigned the vari...
Nicolas That would not make any difference because the code is read from top to bottom.
MikeGC I don't know if you have used the variables a and b to optimise the parameters for the Super...
gianpiero75 I have not optimized, I multiplied the parameters for 6 (5,8), to use them on the 4  hoursTF...
bertrandpinoy bonjour Mike j utilise TrendChaser V2.0 et quand il prend position cela ne programme pas le ...
eisi If i switch between different Markets, the Backgroundcolour will appear where it should not...
datageek How can I get alerts on colour change?
NAMBO40 Hello, I would like to add a 25 period SMA moving average. It's possible?

Top