Algokid

TrendXplorer.com HLC Trend Indicator

706 5 100
This indicator was created based on article found on TrendXplorer.com. Full credit goes to the author. This simple indicator calculates the trend based on the differences between close, high, and low of the security . This indicator works on all securities ( Stocks , Forex , Futures , etc....)

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study("(AK) TrendXplorer.com HLC Trend Indicator")
// Indicator based on article found on TrendXplorer.com

// Inputs

emac = ema(close,5)
emal = ema(low,13)
emah = ema(high,34)

// Calculations

long = (emac - emah)>= (emal-emac)
neut = (emac - emah)
short = (emal- emac) > ( emac - emah)



// plot indicator

plot(emac-emah, color = blue,linewidth = 2)
plot(emal-emac, color = red, linewidth = 2)


barcolor(long ? blue :red)
bgcolor(long ? blue :red)
barcolor(neut ? yellow :na)
www.passivestor.com
GhjhjkHghklg
2 years ago
link to article?
Reply
Algokid PRO GhjhjkHghklg
2 years ago
http://indexswingtrader.blogspot.ca/2013/05/after-40000-pageviews-hlctrend.html
Reply
GhjhjkHghklg
2 years ago
thx :)
Reply
gianfranco60
15 days ago
Your work is interesting but the blue line is not fast so that I use the Rsi 7 (ema 7) instead of it. What do you think about it?
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gianfranco60
11 days ago
Why ema h is 34 ? It is too sloly. The chart is good work but I need emah 18 or 24 or faster (5,13,34)
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