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Trend Detection Index by M. H. Pee
Here is the MetaStock formula for the trend detection index, which was
presented in the October 2001 Stocks & Commodities by M.H. Pee:

Trend Detection Index

x:=Input("number of periods", 5,50,20);
am:= Abs(C-Ref(C,-(x-1)));
td:= Sum(C-Ref(C,-(x-1)),x);
tdi:= (Abs(td)+Sum(am,x))-Sum(am,(2*x));
status:= If(tdi>0, If(td>0,1,-1), PREV);


-Cheryl C. Abram, Equis International, Inc.
Source / From: TOP

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