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Mhpee

Adaptive Fisherized Trend Intensity Index Introduction Here, I modified the script "Trend Intensity Index" (TII) of @everyget. TTI was developed by M.H. Pee, who also published other trend analysis indicators like the Trend Trigger/Continuation Factor It helps to determine how strong the current trend is. The stronger the trend, the higher the chance the price may continue moving in the current direction. Features Adaptive mode (based on Ehlers dominant cycle determination) => automatically determines the length Inverse Fisher Transform => gives sharper signals Customizable MA Types => discover the impact of different ma bases Hann Window and NET smoothing => state-of-the-art smoothing Trend Visualization => shows you the up/down/side trend Usage This indicator here offers a perfect trend filtering system. It is capable of up/down/side trend detection. There are a lot of trend indicators which don't respect sidetrends, which makes this indicator pretty useful. A lot of traders use trend-following trading systems. A trader will usually make his/her entry in the market during a strong trend and ride it, until the TII provides an indication of a reversal. For mean-revertive trading systems, you could use TII to just trade in side trend. A lot of mean-revertive signal emitters like Bollinger Bands or RSI work most of the times better in side trend. Furthermore, every timeframe could be used, but higher timeframes have more impact because trends are stronger there. Signals Green zone (Top) => Etablished bullish trend "Peachy" Zone (Middle) => Sidetrend/flat market Red Zone (Bottom) => Etablished bearish trend Enjoy guys! (Let me know your opinions!) -- Credits to: @blackcat1402 @DasanC @cheatcountry @everget
Pine Script® indicator
by simwai
5