Half Trend MT4 (TFLab)

Category: trend, volatility

A trend-following indicator that filters market noise by using an amplitude-based price smoothing and ATR-based volatility channels.

Formula

HT_{trend} = \begin{cases} \max(Low_{extrema}, PrevUp) & \text{if trend is UP} \\ \min(High_{extrema}, PrevDown) & \text{if trend is DOWN} \end{cases} \\ \text{Channels} = HT \pm (Deviation \times \frac{ATR(100)}{2})

Inputs

• amplitude (default: 2)
• channelDeviation (default: 2)
• showArrows (default: True)
• showChannels (default: True)

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