SilverTrend Sv2

Category: trend

A trend-following histogram indicator that compares range-based price levels (SilverTrend variant) at different temporal offsets.

Formula

Range_i = High_{max}(SSP, i) - Low_{min}(SSP, i) \\\\ Threshold_i = High_{max}(SSP, i) - (Range_i \times \frac{Kmax}{100}) \\\\ Signal = Threshold_{i+offset1} > Threshold_{i+offset2}

Inputs

• SSP (default: 7)
• Kmax (default: 50.6)
• Alerts (default: False)
• CountBars (default: 300)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.