This indicator looks at the change in slope of a linear least squares fitted line whose length is user controlled. The slope is expressed as the sine of the angle of the least squares line. It was developed by North of insync fame.
(sin(((8*(sum(cum(1)*c,8)))-(sum(cum(1),8)*(sum(c,8))))/((8*sum(pwr(cum(1),2),8))-pwr(sum(cum(1),8),2))) - sin(((13*(sum(cum(1)*c,13)))-(sum(cum(1),13)*(sum(c,13))))/((13*sum(pwr(cum(1),2),13))-pwr(sum(cum(1),13),2))))*100
I use a 3 WMA for a trigger and filter with Dahl or trendex indicators for trend. The TSF referred to an 89 tsf on price which I think is the one best MA except a Varable one that works.
I don't recommend it for the average trader. you are in often and quickly. you must know where your stock is in its life cycle. It is like they say "kids, don't try this at home, you can get hurt."
That should suffice for an explanation. |
