HPotter

Trend Analysis Index

818 0 69
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")
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out