Category: MESA8
Input parameters
Name
|
Setting
|
Default
|
Optimization range
|
Tune
|
Number>0
|
1
|
0.25-2
|
Price
|
Input time series
|
Close
|
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Description
The Trend indicator is an instantaneous trendline that runs through the average of the cyclic variations of the dominant cycle. The data is detrended in this indicator by subtracting the Trend from the raw data. The Detrend indicator is scaled to be normalized to its plus one sigma and minus one sigma variations. That is, if the Detrend indicator exceeds plus one sigma there is a high probability the market is overbought. If the Detrend indicator is less than minus one sigma there is a high probability the market is oversold. The Tune parameter adjusts the dominant cycle period relative to its measured value.
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