accurate trend detection methods

• 03/01/2021 at 9:56 AM #162804
  kevin12345

  hi,

  is there an accurate trend detention method out there?

  thanks

  

  kevin12345

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  03/01/2021 at 9:59 AM #162806
  Nicolas

  If you can definite in logic what is a trend, then it can be possible to code an accurate method 🙂

  

  Nicolas

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  03/01/2021 at 10:13 AM #162810
  kevin12345

  when i look at i chart, i draw a straight line of best fit across all candles and if the angle with respect to the horizontal is greater than 0 then it is a uptrend. vice versus for downtrend.

  

  kevin12345

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  03/01/2021 at 10:19 AM #162811
  kevin12345

  i guess moving average is a good starter

  

  kevin12345

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  03/01/2021 at 10:41 AM #162819
  Nicolas

  Ok, so you are looking at regression line slope, so you’ll get the same with:

  bullish = linearregressionslope[max(1,barindex)] > 0 bearish = linearregressionslope[max(1,barindex)] < 0 return bullish coloured(0,255,0) style(histogram), bearish coloured(255,0,0) style(histogram)

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  bullish = linearregressionslope[max(1,barindex)] > 0 bearish = linearregressionslope[max(1,barindex)] < 0   return bullish coloured(0,255,0) style(histogram), bearish coloured(255,0,0) style(histogram)

   

  

  Nicolas

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  03/01/2021 at 10:51 AM #162825
  kevin12345

  how does the return command work?

  DEFPARAM CUMULATEORDERS = false bullish = linearregressionslope[max(1,barindex)] > 0 bearish = linearregressionslope[max(1,barindex)] < 0 return bullish coloured(0,255,0) style(histogram), bearish coloured(255,0,0) style(histogram) if bullish then buy 1 contracts at market endif if bearish then sellshort 1 contracts at market endif set stop ploss 30 set target profit 45

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  DEFPARAM CUMULATEORDERS = false   bullish = linearregressionslope[max(1,barindex)] > 0 bearish = linearregressionslope[max(1,barindex)] < 0 return bullish coloured(0,255,0) style(histogram), bearish coloured(255,0,0) style(histogram)   if bullish then buy 1 contracts at market endif   if bearish then sellshort 1 contracts at market endif   set stop ploss 30 set target profit 45

  says there is some error on the return line

  

  kevin12345

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  03/01/2021 at 11:45 AM #162842
  Vonasi

  You have posted strategy code. RETURN is only used in indicators. Nicolas provided indicator code. Delete the RETURN line in your strategy.

  

  Vonasi

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