Trend Quality
Modified on 2009/06/09 07:44 by Eugene — Categorized as: Community Indicators
TrendQuality Indicator Documentation
Syntax
DataSeries TrendQuality(
Bars
bars,
int
period )
Parameter Description
Bars bars
The Bars object
int period
Lookback period used to calculate the indicator
Description
"This
indicator by Cliff Fiess
measures Trend Quality. It can range between -100 and +100. The more retracement or overlap of bars in the price series the more the indicator will gravitate toward zero. High readings indicate a high quality uptrend and low readings indicate a high quality downtrend. Quality is defined as a steady uptrend or downtrend with minimal retracements. This indicator does not measure the strength of a trend."