Differences

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--- forex:trend [2022/12/15 22:03] – peter
+++ forex:trend [2024/08/03 13:03] (current) – peter
@@ Line 19: / Line 19: @@
 <code>
-TrendUp=(iMA(sSymbol,iPeriod,TrendMA_Period,0,MODE_SMA,PRICE_CLOSE,iBar)-
+int TrendMA_Period = 13;     // Averaging period for calculation.
-         iMA(sSymbol,iPeriod,TrendMA_Period,0,MODE_SMA,PRICE_CLOSE,iBar+TrendMA_Shift)>0);
+int TrendMA_Shift = 15;      // Shift relative to the current barto compare the averages so as to determine the trend.
+TrendUp=(iMA(symbol,period,TrendMA_Period,0,MODE_SMA,PRICE_CLOSE,iBar)-
+         iMA(symbol,period,TrendMA_Period,0,MODE_SMA,PRICE_CLOSE,iBar+TrendMA_Shift)>0);
 TrendDn=!TrendUp;
 </code>
+----
+===== Higher Highs, Higher Lows, Lower Highs and Lower Lows =====
+Determine if the market is making HH and HL or LH and LL: HHHL – Higher Highs and Higher Lows, LHLL – Lower Highs and Lower Lows.
+Generally, in an uptrend you will see a fairly obvious pattern of HH and HL from the markets swing points,
+and in a downtrend you will see a fairly obvious pattern of LH and LL from the markets swing points.
+----
+Check the behavior of the price action after retraces and check it as it approaches the long-term moving averages such as 21 day ema (exponential moving average) or a key horizontal resistance level. Does the price action repel down as in a downtrend or bounce up as in uptrend? This kind of price behavior is a good clue to confirm the underlying bias / trend of the market.
+----
+Put a 200 and 50 day ema on your chart and check out the long-term slope of these ema.
+This is a good quick way to identify the overall dominant trend of a market. Look at how prices are reacting near the moving averages (value zone), if the price is respecting those EMA levels and repelling/bouncing away from them on several occasions, there is good evidence the market is trending.
+----