HPotter

Trend Analysis Index

1305 0 144
In essence, it is simply the standard deviation of the last x bars of a
y-bar moving average. Thus, the TAI             is a simple trend indicator when prices
trend with authority, the slope of the moving average increases, and when
prices meander in a trendless range, the slope of the moving average decreases.
Remove from Favorite Scripts Add to Favorite Scripts
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 28/05/2014
// In essence, it is simply the standard deviation of the last x bars of a 
// y-bar moving average. Thus, the TAI is a simple trend indicator when prices 
// trend with authority, the slope of the moving average increases, and when 
// prices meander in a trendless range, the slope of the moving average decreases.
////////////////////////////////////////////////////////////
study(title="Trend Analysis Index", shorttitle="TAI")
AvgLen = input(28, minval=1)
TAILen = input(5, minval=1)
hline(0, color=purple, linestyle=dashed)
xPrice = close
xSMA = sma(xPrice, AvgLen)
xHH = highest(xSMA, TAILen)
xLL = lowest(xSMA, TAILen)
nRes = (xHH - xLL) * 100 / xPrice
plot(nRes, color=blue, title="TAI")
DONATE/TIP

BTC: 1Lo1GoTNsPbrjGAgPgF4MYZPhBFdoVHaTm
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out