Log in to see Cloud of Tags

Wealth-Lab Wiki

Trend Quality


TrendQuality Indicator Documentation


DataSeries TrendQuality( Bars bars, int period )

Parameter Description

Bars bars  The Bars object
int period  Lookback period used to calculate the indicator


"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."

Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.

ScrewTurn Wiki. Some of the icons created by FamFamFam.