Multi-Period Smoothed Trend Histogram from No-Lag LWMA Signals
Summary
The indicator evaluates a family of AbsolutelyNoLagLwma smoothed price series across periods generated by an arithmetic progression. At each update, it determines the direction of each smoothed series, counts positive and negative directions, and smooths those counts into histogram lines. Histogram color indicates trend direction, while its width represents the relative strength of the directional count. Lighter colors mark readings beyond the configured overbought or oversold levels.
Inputs control the price source, smoothing depth and method, period spacing, post-smoothing, and threshold levels. Ten smoothing methods are listed, including simple, exponential, weighted, adaptive, and other averages; some phase parameters have method-specific meanings. The document explains the calculation design and configuration, but gives no performance evidence or trading rules for acting on signals. It also notes a dependency on an external smoothing library, so the indicator description alone is not a complete implementation guide.
Key ideas
- The indicator compares smoothed price series over an arithmetic sequence of periods.
- It counts rising and falling series to estimate aggregate trend direction.
- A smoothed histogram encodes direction by color and relative signal strength by width.
- Threshold crossings change the histogram color to flag extreme readings.
- The description supplies no signal performance tests or entry and exit rules.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.