OPEN-SOURCE SCRIPT
Mis à jour

Poster Trend Analysis

3 920
This trend analysis indicator is an idea from:

Stocks & Commodities V. 40:03 (8–12): Intraday Patterns Of Price Change by Richard Poster, PhD

We decide an uptrend or downtrend is in play, if there are certain percentage of bars across N bars where the direction is the same. The default settings use what the article says, 66% of adjacent 15 bars must be in the same direction, to be trending. While the article isn't precise about what up or down bars mean, this indicator assumes an up direction if close is greater than the open.

The indicator also allows differing configurations for up and downtrend analysis, though the defaults, as per the article, are the same.
Notes de version
No behavioral change.

Refactor: rename variable to be more consistent in source code.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.