How to determine the direction of a trend ?

deletedaccount210122 · Mon, 22 Feb 2021 12:41:09 +0000

How to determine the direction of a trend for the last 20 days ? I am using this code: (HIGHEST[20](HIGH) - CLOSE) / AVERAGETRUERANGE[10] If > 0 = bearish If < 0 = bullish But I’m not very satisfied because it gets me this kind of thing (cf attachment). So, how determinate the trend direction ?

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02/22/2021 at 1:41 PM #162336

deletedaccount210122

How to determine the direction of a trend for the last 20 days ?
I am using this code:

(HIGHEST[20](HIGH) - CLOSE) / AVERAGETRUERANGE[10]

1

(HIGHEST[20](HIGH) - CLOSE) / AVERAGETRUERANGE[10]

If > 0 = bearish
If < 0 = bullish

But I’m not very satisfied because it gets me this kind of thing (cf attachment).

So, how determinate the trend direction ?

deletedaccount210122
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02/22/2021 at 1:45 PM #162338

Nicolas

A simple momentum? Please don’t double post!

Nicolas
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