TopTrend (advanced) [Loxx]

TopTrend (advanced) works like SuperTrend but with standard deviation instead of ATR.

This indicator makes use of the Moving Averages found in the Baseline Backtest indicator:

Volatility Types
v1.0 Included Volatility
Average True Range (ATR)
True Range Double ( TRD )

Signals
Initial Long (L): Hard flip downtrend to uptrend
Initial Short (S):Hard flip downtrend to uptrend
Continuation Long ( CL ): Trend up, trend dips, but not enough to flip trend, trend goes back up
Continuation Short (CS): Trend down, trend rises, but not enough to flip trend, trend goes back down
Post Baseline Cross Long ( BL ): Trend up over XX bars ago but Baseline didn't agree (that is, is still showing downtrend), if Baseline then catches up and agrees with direction within XX bars since the Trend up, then this signal is triggered
Post Baseline Cross Short (BS): Trend won over XX bars ago but Baseline didn't agree (that is, is still showing downtrend), if Baseline then catches up and agrees with direction within XX bars since the Trend down, then this signal is triggered
Baseline Recovery Continuation Long ( RL ): Trend up. Baseline crossed down into downtrend, then baseline crosses back up to uptrend while Trend is still up
Baseline Recovery Continuation Short ( RS ): Trend down. Baseline crossed up into uptrend, then baseline crosses back down to downtrend while Trend is still down

Trading Rules
Volatility: If price crosses the baseline, we check to see how far it has moved in terms of multiples of volatility denoted in price ( volatility in price x multiple). If price has moved by at least "Qualifier multiplier" and less than "Range Multiplier", then the strategy enters a trade.

Baseline Filter: This adds another layer of filtering (See Post Baseline Cross signals above). This is a simple over/under qualification filter. If price is above the baseline, then that means it qualifies for a long, if price is below the baseline, then this qualifies for a short. This filter must be active for Post Baseline Cross signals to trigger.

Additional moving averages, volatility types, qualifiers, and other advanced features will be added in future releases.

TopTrend Backtest (advanced)