Description
The Trend Periods study is a trend-analyzing technical indicator. It determines the algebraic sign of the difference between two EMAs of Close price: fast and slow ones. This study returns -1 if the difference is negative, +1 if positive, and 0 if the difference is zero.
The -1 sections can be interpreted as downtrend, and +1 sections might signify downtrend.
Values of this study are used in calculation of Trend Quality and Trend-Noise Balance indicators.
Input Parameters
| Parameter | Description |
|---|---|
fast length
|
The number of bars used in calculation of fast EMA. |
slow length
|
The number of bars used in calculation of slow EMA. |
Plots
| Plot | Description |
|---|---|
Periods
|
The Trend Periods plot. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.