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Trend Stability (Expo)

Trend Stability (Expo) is a multifunctional trend trading tool that identifies all aspects of trend trading. The indicator helps traders to stay on the right side of the market, identify retracements, reversals, and trend strength. In addition to that, we have added momentum – moves for traders that want to do trend scalping. The candle coloring displays the current trend and gives early signs of trend reversals and retracements.

Setting Panel Explained

  • Trend Stability (Expo)

 

1.0 Trend Stability Settings

  • [ALL] Select Trend Sets the underlying trend!
  • [ALL] Select Trend Speed Sets the trend sensitivity.

[ALL] Trend Stability Length – adjusts how quick the calculations should respond to price changes. In general, higher-value = LongTerm Trend.

A low value means that the line reacts quicker to price changes. If you this value to 1, you get a Trend stability line that reacts quickly to all negative market movements. This setting (value 1) can be good to use if you want to catch pullbacks in positive trends. The value 2 is good if you want to avoid the negative market impulses but still want a line that reacts quickly. Try these Low values: 1, 2, 5

High Value means that the line reacts slower to price changes and aims to find long-term market trends. If you set this value to 50, you can clearly see that the line oscillates between 0 – 100. With this setting (value 50) you can get a feel of when the trend is overbought, oversold, and the direction of the trend. Try these High values: 20, 50

** The line is above 80 = Overbought Trend
**The line is above 50 = Positive Trend
**The line is below 50 = Negative Trend
**The line is below 20 = Oversold Trend


[ALL] Smooth Trend – Smooths the calculations. Value 1 means No smoothness.

A low value means that the line is very sensitive and reacts to all price movements. Try these Low values: 1, 2, 10, 20

High Value means that the line is less sensitive and do only reacts to potential trend moves. Try these Low values: 50, 100, 200.


 

1.1 – 1.2 Settings

Stability ATR Value – sets the underlying trend. [This setting does only apply for the LongTerm and MediumTerm Trend].

A low value means a ShortTerm Trend.

High Value means a LongTerm Trend.

Stability Value [Used when you have selected ShortTerm Trend] – sets the underlying trend.

A low value means that the line is very sensitive and reacts to all price movements. Try these Low values: 5, 14

High Value means that the line is less sensitive and do only reacts to potential trend moves. Try these Low values: 20, 50,100,200.


 

2.0 Trend Confirmation Settings

Trend Confirmation Method To Use – Sets the lag calculations for the Confirmation Box.

Important! – Trend Confirmation BOX is affected by the settings you have set in part 1.

Trend Confirmation Length – Sets how quickly the Box should react to price changes.


Confirmation Smoothness– Smooths out the calculations. It can be used to remove noise.


For instance, if you set Confirmation length to 1 and Confirmation smoothness to 100, you get a Confirmation Box that aims to react quickly, but the smoothing does that the box only reacts to broader price changes.


Trend Strength Gradient Color for Confirmation Box – Gradient-coloring based on the trend strength.


 

3.0 Trend Color Settings

Color: Trend Strength Length  Sets the Trend Strength.

A low value means ShortTerm trend strength. Try these Low values: 20, 30

High Value means LongTerm trend strength. Try these Low values: 50, 100, 200


Color: Trend Strength Smoothness – Smooths the transition between different trend strengths for the Trend fill. (Trend Fill is the coloring around the value 50 and representing the current Trend strength).

A low value means ShortTerm trend strength. Try these Low values: 2, 5,10

High Value means LongTerm trend strength. Try these Low values: 20, 50, 100


 

Examples

  • Below you find some example settings

 

#1 Select ShortTerm – Becomes a Trend Oscillator

#2 Negative momentum-moves

#3 Trend

#4 Pullback

    Disclaimer

    Copyright by Zeiierman.

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