New product: TS TRENDINESS Dll – trend detection.
TS Trendiness Dll
New product module TRENDINESS Dll is available.
This product allows to identify some important stages in market based on local fractals of price series.
The TS Trendiness oscillates around 0.5 (random walk), its extreme values mean the possible beginning and the finishing of trend or range.
- If returned value is >0.5 – then it’s trend;
- Iff returned value is < 0.5 – then it’s flat;
- If returned value is = 0.5 – then it’s brown motion.
TS Trendiness is designed to work with technical analysis software:
- Omega Research ProSuite
2000i;
- TradeStation 6.x/7.x/8.x;
- MultiCharts;
- eSignal/eSignal Pro
Fractal dimension – numerical characteristic of trend >>>
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