TrendLord Trend Indicator Using a Smoothed Weighted Moving Average
Summary
TrendLord is a trend-following indicator that displays market direction in a separate chart window. Its calculation applies a linearly weighted moving average to the applied price over a selected period, then smooths that result with another linearly weighted moving average whose period is the square root of the selected period. The user-configurable inputs are the calculation period and applied price.
The indicator colors rising trends green, falling trends red, and flat movement gray. The document explains the formula and visual convention but gives no signal rules, chart examples, backtests, or performance evidence. It therefore describes how the indicator is constructed and displayed, not whether its trend classifications offer an effective trading edge. Interpretation and reliability would need to be assessed on the intended market and timeframe.
Key ideas
- TrendLord displays its trend classification in a separate chart window.
- Its calculation smooths a linearly weighted moving average with a second weighted average.
- The second smoothing period is the square root of the selected period.
- The period and applied price are configurable inputs.
- Green, red, and gray represent rising, falling, and flat movement respectively.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.