TrendStrengthA Indicator

[VitaminC]

Exported using NT Version 6.5.0.10

TrendStrengthA Indicator created by Jose Cruset and first presented on the August 2005 issue of Active Trader Magazine.

http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/libraryview?item=396

The idea behind: The more SMAs are below (or above) the price the strengther is the trend of the price series.
If some SMAs are above and some are below the price no exact trend direction can be defined. The indicator is normalized from -100 to +100, which serves as a value of how many SMAs are above or below the price:

+ 100 Price is above all SMAs, i.e. all SMAs are below the price
> 0 Price is above most SMAs
0 Price is above 50% and below the other 50% SMAs
< 0 Price is below most SMAs
- 100 Price is below all SMAs, i.e. all SMAs are above the price

Usually, values above 60 (below -60) indicate a strong up- (down-) trend whereas values in-between indicate a sideways market.
The results depend on the period-range used for the SMAs. The broader the range (e.g. 20-200) the more significance does the indicator have.
The longer the indicator remains at +/-100 the stronger the trend.

Hope it will be useful for anyone.

[NinjaTrader_JoshP]

Cool. Thanks for the indicator.

[NinjaTrader_Ray]

Hi VitaminC,

Thanks for the contribution. Would you mind attempting to post this indicator in our new File Sharing section of the forum? Let us know if you run into any problems.

Thanks

[VitaminC]

Hi VitaminC,

Thanks for the contribution. Would you mind attempting to post this indicator in our new File Sharing section of the forum? Let us know if you run into any problems.

Thanks

Hi Ray,

Done

[NinjaTrader_Ray]

Excellent, thanks!

[rwwoods]

Note that the referenced web address has changed to http://wl4.wealth-lab.com/cgi-bin/We...yview?item=396