I found this description of Carter's Trend Indicator using Heiken=Ashin:

"Basically using Hiken Ashi bars if the 5th bar of the last 5 bars closes above  the 50% line of  the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color."

If this is enough information and it is possible in V12.2 I would appreciate your writing a Custom %True Indicator  that it points true when the  "5th bar of the last 5 bars closes above  the 50% line of  the previous 5 bar average" condition exists.

I worked with it a little.  Is this the correct PCF condition:  c >=.5 * ((O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 +O1 + H1 + L1 + C1  +O4 + H4 + L4 + C4) /16)

It isn't giving the %True representation that I expected but that is another story.  I'll keep working on it.

Thanks,

I'm not quite sure what the "50% line of the previous 5 bar average" means. A Condition Formula which returns true when the HaClose is above the 50% line of the entire range of the five previous HaCandles could be written as:

(O + H + L + C) / 4 > ((4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)))) + (4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6))))) / 64

Hi Bruce,

1.

Can you please help in creating above formula but this time, the Condition Formula should returns true when the HaClose is below or equal the 50% line of the entire range of the five previous HaCandles.

In short, I am looking for consolidation period before the range expansion occurs.

2.

Same formula aboave but in reverse direction - Condition Formula which returns true when the HaClose is below the 50% line of the entire range of the five previous HaCandles

I think I'm missing something because your descriptions seemed almost identical to me even though the second says it is the reverse direction (both are pretty much the reverso feth formula in my Wednesday, August 29, 2012 10:32:01 AM ET post).

The first formula would be as follows.

(O + H + L + C) / 4 <= ((4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)))) + (4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6))))) / 64

And the second formula would be as follows (it just gets rid of the = sign).

(O + H + L + C) / 4 < ((4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)))) + (4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6))))) / 64

Thanks for prompt response.

2. Appears to be correct.

1. May be I was not able to articulate properly what I am looking for....

I am looking for consolidationg period meaning a Condition Formula which returns true when HaClose remains within 10% of 50% line of the entire range of the five previous HaCandles

Maybe something like the following?

(O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 + ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) + 2 * (O3 + H3 + L3 + C3) + ABS(O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 + ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) - 2 * (O3 + H3 + L3 + C3)) + 2 * (O4 + H4 + L4 + C4 + O5 + H5 + L5 + C5 + ABS(O4 + H4 + L4 + C4 - O5 - H5 - L5 - C5)) + ABS(O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 + ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) + 2 * (O3 + H3 + L3 + C3) + ABS(O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 + ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) - 2 * (O3 + H3 + L3 + C3)) - 2 * (O4 + H4 + L4 + C4 + O5 + H5 + L5 + C5 + ABS(O4 + H4 + L4 + C4 - O5 - H5 - L5 - C5)))) / 32 - (4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)))) / 32 <= .6 * ((4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)))) - (4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6))))) / 32 AND (O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 - ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) + 2 * (O3 + H3 + L3 + C3) - ABS(O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 - ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) - 2 * (O3 + H3 + L3 + C3)) + 2 * (O4 + H4 + L4 + C4 + O5 + H5 + L5 + C5 - ABS(O4 + H4 + L4 + C4 - O5 - H5 - L5 - C5)) - ABS(O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 - ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) + 2 * (O3 + H3 + L3 + C3) - ABS(O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 - ABS(O1 + H1 + L1 + C1 - O2 - H2 - L2 - C2) - 2 * (O3 + H3 + L3 + C3)) - 2 * (O4 + H4 + L4 + C4 + O5 + H5 + L5 + C5 - ABS(O4 + H4 + L4 + C4 - O5 - H5 - L5 - C5)))) / 32 - (4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)))) / 32 >= .4 * ((4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) + ABS(4 * MAXH5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 + ABS(4 * MAXH5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)))) - (4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) + XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) + 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6)) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) + 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3) - ABS(4 * MINL5.1 + XAVGO3.2 + XAVGH3.2 + XAVGL3.2 + XAVGC3.2 - ABS(4 * MINL5.1 - XAVGO3.2 - XAVGH3.2 - XAVGL3.2 - XAVGC3.2) - 2 * (XAVGO3.3 + XAVGH3.3 + XAVGL3.3 + XAVGC3.3)) - XAVGO3.4 - XAVGH3.4 - XAVGL3.4 - XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5 + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6) + ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 + XAVGO3.5 + XAVGH3.5 + XAVGL3.5 + XAVGC3.5 - ABS(XAVGO3.4 + XAVGH3.4 + XAVGL3.4 + XAVGC3.4 - XAVGO3.5 - XAVGH3.5 - XAVGL3.5 - XAVGC3.5) - 2 * (XAVGO3.6 + XAVGH3.6 + XAVGL3.6 + XAVGC3.6))))) / 32

Thank you again for a quick turn around.

1.

This looks like quite a complex formula and does seem to work, however what do I change to make it condition formula which returns true when HaClose remains within 50% of 50% line of the entire range of the five previous HaCandles

The reason to change from 10% to 50% - seems like it is extremely rare occurrence and hence very limited candidates.

2.

How can I implement same condition using normal candlestick and NOT Heiken-Ashin

Thank you for your time.

There is a <= .6 AND a >= .4 at different points in the formula. This checks for the highest closing price being less than or equal to .6 times the range above the low of the range and the lowest closing price being greater than or equal to .4 times the range above the low of the range.

This is 10% of the range above or below the midpoint of the range or 20% of the range total. Changing this to 50% of the range above or below the range would return true for everything because 50% + 50% = 100%.

If you want to be 25% above and below the range for a total of 50% of the range you would change the <= .6 to <= .75 and the >= .4 to >= .25 instead.

The formula is actually quite short without using Heiken-Ashi.

MAXC5.1 - MINL5.1 <= .6 * (MAXH5.1 - MINL5.1) AND MINC5.1 - MINL5.1 >= .4 * (MAXH5.1 - MINL5.1)

awesome.... :-)

Thanks again for explaination and help.

I spent a lot of time on this in the past and got something that is quite close to John Carter's TTM Trend indicator. I call it HA_Trend. I place these two conditions together as a single row of dots at the bottom of my price pane with a different color for each condition.

My understanding from listening to an audio description of the indicator is that it is based on the previous 6-days of data. I played with multiple time frames until i found just the right settings that worked best.

Trend-Up

(AVGH6.1 + AVGL6.1) / 2 < (((((O6 + C6) / 2) + H5 + L5 + C5) / 4) + ((((O5 + C5) / 2) + H4 + L4 + C4) / 4) + ((((O4 + C4) / 2) + H3 + L3 + C3) / 4) + ((((O3 + C3) / 2) + H2 + L2 + C2) / 4) + ((((O2 + C2) / 2) + H1 + L1 + C1) / 4) + ((((O1 + C1) / 2) + H + L + C) / 4)) / 6

Trend-Down

(AVGH6.1 + AVGL6.1) / 2 > (((((O6 + C6) / 2) + H5 + L5 + C5) / 4) + ((((O5 + C5) / 2) + H4 + L4 + C4) / 4) + ((((O4 + C4) / 2) + H3 + L3 + C3) / 4) + ((((O3 + C3) / 2) + H2 + L2 + C2) / 4) + ((((O2 + C2) / 2) + H1 + L1 + C1) / 4) + ((((O1 + C1) / 2) + H + L + C) / 4)) / 6

You Trend-Up and Trend-Down formulas are very nice. They can be shortened up a bit by using AVG on both sides of the inequality instead of just on the left side.

Trend-Up

4 * (AVGH6.1 + AVGL6.1) < AVGO6.1 + AVGC6.1 + 2 * (AVGH6 + AVGL6 + AVGC6)

Trend-Down

4 * (AVGH6.1 + AVGL6.1) > AVGO6.1 + AVGC6.1 + 2 * (AVGH6 + AVGL6 + AVGC6)

Thanks Bruce.  I don't have a strong foundation in math so I tend to lay  things out in a manner that I can easily understand.  Clearly it was a mess however and more verbose than necessary.

I think it is great you created the HA_Trend formulas and the formulas work fine as written. Thank you.

I just shortened them up a bit to make them a bit easier for me to understand. It should also make them just a tiny bit faster in TC2000.

An additional note on this topic. If you save my Heiken-Ashi Trend Up formula in your library, you can then add it as a watchlist column with a refresh granularity of 1 minute.

I have this set up in 7 time frames, in 7 columns, from left to right. 5-min, 15-min, 30-min, 1 hr, 2 hr, 4hr, and Daily.

I use a blue dot for Trend-Up and then simply select the "When False" option to show a red dot.

This is EXTREMELY POWERFUL, and a key part of my trading strategy. After a stock makes a bottom, for example, you can see the blue dots populate from left to right as the stock lifts off from the bottom. But it does it in such a way that you know there is a reasonably solid chance of a trend persisting at least a few bars for each time frame that turns blue due to the nature of the indicator calculation that tends to only trigger with a reasonable liklehood of continuing, AND not react to quick shakeouts.

I hope others get some value from this and give it a try.

Telework,

   Many thanks for sharing this.

"I place these two conditions together as a single row of dots at the bottom of my price pane with a different color for each condition."

 I am trying to replicate this and don't know how to do this.

Thank you for any help.

Don

"I place these two conditions together as a single row of dots at the bottom of my price pane with a different color for each condition."

 I scaled Trend Up/Down together with a custom scaling of top 100 and bottom 50 which creates a single row of  colored dots for the indicator. The dots are blue for Trend Up and red for Trend Down.

Is this correct?

Thank you for any insight..

Don

donv98 you can try this:

ABS( Trend UP PCF Here )-.5

Plotted as a histogram it can be GREEN  when true and RED when false.

Since it covers both you dont need the trend down one.

Thanks

You would use a regular PCF not a %True.

Thanks

Diceman,

  Thank you for posting this alternative.

I wasn't aware of this.

Very helpful.

Don

Telework can you share a screenshot to illustrate how you use HA trend up.

would like to use it as well

thanks for sharing

Here is a screenshot of how I have it implemented. It is a matrix of three rows of dots, each a different indicator.

Top row = HA_Trend

Middle row = Elder Impulse System

Bottom row = Gann Trend

Also, take a look at this recent post that has a couple more ways to implement the indicator. http://forums.worden.com/default.aspx?g=posts&t=64383

Thanks, also for the other reference. Great work !