Triangular MA StairStep with percent variation

Another version of the “stair step” representation of price moving within percentage variation of the Triangular moving average to draw the steps.

I add another simple MA to act like a signal for trend following identification. When the 2 lines are flat, market is ranging.

I believe it can be easily take part of trend following strategy of all sort.

//parameters : 
//percent = 1 (daily)
//period = 100 (daily timeframe period of the triangular moving average
//SignalPeriod = 30 

once ssMA = close
MA = TriangularAverage[period](close)

if(MA > ssMA + (MA/100)*percent) THEN
   ssMA = MA
ELSIF (MA < ssMA - (MA/100)*percent) THEN
   ssMA = MA
ELSE
   ssMA = ssMA
ENDIF

signalLine = average[SignalPeriod](ssMA)

RETURN ssMA coloured(21,188,206), signalLine

//parameters :

//percent = 1 (daily)

//period = 100 (daily timeframe period of the triangular moving average

//SignalPeriod = 30

once ssMA = close

MA = TriangularAverage[period](close)

if(MA > ssMA + (MA/100)*percent) THEN

ssMA = MA

ELSIF (MA < ssMA - (MA/100)*percent) THEN

ssMA = MA

ELSE

ssMA = ssMA

ENDIF

signalLine = average[SignalPeriod](ssMA)

RETURN ssMA coloured(21,188,206), signalLine

moving average trend

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