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.