1. Overview
The Half Trend indicator looks a bit like the supertrend, but actually is very different. Internally it uses an ATR band and a moving average to determine the trend and give you clear buy/sell signals.
2. Settings
The Half trend indicator just has a few settings
Amplitude:
The Amplitude specifies the number of bars which the indicator uses to calculate whether the trend is up or down
ATR Multiplier & ATR Period
The ATR multiplier defines the width of the ATR bands. The ATR Period specifies the number of bars used to calculate the ATR
3. Alerts
The indicator can give alerts when a buy or sell signal occurs. Simply enable the alerts and choose a sound file to receive these alerts
4. Bloodhound support
Besides the ATR band and midline the indicator exposes the following plots which you can use in your own strategies or bloodhound/blackbird
Trend plot
The trend plot specifies the trend. 1=up, -1 = down
Signal plot
The signal plot specifies the buy or sell signals
0 = no signal
1 = long signal
-1 = short signal
5. Features
- Clear buy / sell signals
- Clear trend
- ATR bands
- Alerts
- Support for bloodhound/blackbird/strategies
- Can be used in any market (futures, stock, forex)
- Can be used in any timeframe
- Works with every NinjaTrader license
6. Changelog
05 may 2022 v 1.0.0.1
- added support for bloodhound/blackbird/strategies
03 may 2022 v 1.0.0.0
- first release
8. Media
