HalfTrend Indicator Variants and Their Construction
Summary
The document introduces HalfTrend as a trend indicator whose direction changes when a simple moving average breaches a recent high or low. It outlines several variations: a classic form, a configurable moving average with optional Heikin Ashi candles, a Jurik moving average version, three periods displayed together, an adaptive length based on recent high and low fractals, and quantile bands derived from recent observations.
The adaptive version treats frequent fractals in its lookback window as a sign that price is ranging, while the quantile bands use configurable upper and lower quantiles. The post refers to attached examples and screenshots but supplies no performance statistics, trading rules, or validation. These are indicator design options, not evidence that any version predicts returns; parameter choices and behavior across markets remain unspecified.
Key ideas
- HalfTrend changes trend direction when its moving average breaches a recent high or low.
- Variants replace or configure the moving average, including a Jurik calculation and optional Heikin Ashi candles.
- A triple version plots three HalfTrend periods together.
- An adaptive version adjusts amplitude using recent high and low fractals, with frequent fractals interpreted as ranging conditions.
- Quantile bands are calculated from recent upper and lower quantiles, with configurable parameters.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.