Market Mode

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Category: MESA8

 

Input parameters

Name

Setting

Default

Optimization range

Tune

Number>0

1

0.25-2

Price

Input time series

Close

 

 

Description

Prices criss-cross the Trend indicator every half cycle when the market is in a good cycle mode.  Failure to cross within a half dominant cycle period signals the market is in a trend mode.  The Market Mode indicator is zero when a cycle mode is detected and is one when a trend mode is detected.  The Tune parameter adjusts the dominant cycle period relative to its measured value.