Ultimate Trend Channel

24 thg 5, 2023

The "Ultimate Trend Channel" indicator is a comprehensive trend analysis tool that calculates and displays a series of upper and lower bands based on user-defined input lengths. It uses linear regression and standard deviation to determine these bands for each of the 21 different group lengths. The indicator then computes the averages of these upper and lower bands, as well as the average of all the bands combined.

The visualization on the chart includes the plotting of the average upper and lower bands, with the space between these bands shaded for easy visualization of the overall trend. Additionally, the average of all the bands, referred to as the "Ultimate Trend Line," is also plotted on the chart.

This indicator provides a robust way of assessing market trends and volatility over varying periods, which can be extremely useful for both short-term and long-term trading strategies.

26 thg 9, 2023

Phát hành các Ghi chú

MTF option added

30 thg 8, 2024

Phát hành các Ghi chú

Use of the logarithmic scale

23 thg 11, 2024

Phát hành các Ghi chú

Minor update