blackcat1402

[blackcat] L1 Trend Detection Index (TDI)

Level: 1

Background

The trend detection index ( TDI ), which can be used to help detect when a trend has begun and when it has come to an end.

Function

The Trend Detection Index ( TDI ) is used to identify when a trend has started and when it ends. The TDI can be used as a stand-alone indicator or combined with others; It will work well when it comes to spotting the beginning of trends. However, this does not mean that its signals are absolutely accurate.


Inputs

Price --> Price source as input.
Length --> Length input can be adjusted to tune TDI performance.

Key Signal

MktPos --> 1 for long and -1 for short

Remarks

This is a Level 1 free but closed source indicator.

Feedbacks are appreciated.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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