InstantaneousTrendLine
Contents
Adaptive moving average whose length is determined by each bar in the dominantCycleSeries data loaded length.
The Instantaneous Trendline was created by John Ehlers (Rocket Science For Traders pgs 109-110) and this indicator is perfect for determining the medium to long term trend. Buy when the indicator line is green and sell when it is red. I will be introducing a different version of this indicator which is perfect for short term trends so these will pair great together.
Syntax: |
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InstantaneousTrendLine(series, dominantCycleSeries) |
Parameter: |
Description: |
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series |
The input series to be averaged |
dominantCycleSeries |
Previous calculated series corresponding to the result of the dominant cycle basic indicator.
See basic indicator - Dominant Cycle documentation for more information. |
Returns: |
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Adaptive moving average of the input series. |
Example: |
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Links: |
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Edit Time: 3/21/2022 1:56:22 PM |
Topic ID#: 385 |