Period Sequence Magik

Period Sequence Magik is a really special trend indicator that relies on moving averages & number sequences to gauge market cycles (uptrend & downtrend).

This one-of-its-kind indicator calculates its value based on the analysis of up to 50 moving averages of different periods, each of which is the element of a user-selected number sequence. Hence the name "Period Sequence Magik", because the base for this indicator's algorithm is a sequence of MA periods.

As for the MA type, you can select any of the popular moving averages: SMA, EMA, HMA, WMA... Let's say you pick EMA and the "Prime" number sequence; then the moving averages to be analyzed are EMA 2, EMA 3, EMA 5, EMA 7, EMA 11, EMA 13, EMA 17, EMA 19...

• Step: Assume the initial period is 5 and the step is 3. Then the periods are 5, 8, 11, 14, 17... (increasing in a step of 3).
• Multiplier: Assume the initial period is 3 and the multiplier is 2. Then the periods are 3, 6, 12, 24, 48... (a multiplier of 2 means the later doubles the previous).
• Fibonacci: Assume the initial period is 2. Then the periods are 2, 3, 5, 8, 13...
• Prime: Assume the initial period is 2. Then the periods are 2, 3, 5, 7, 11... (prime numbers).
• LazyCaterer: Assume the initial period is 2. Then the periods are 2, 4, 7, 11, 16...
• MagicSquare: Assume the initial period is 5. Then the periods are 5, 15, 34, 65, 111...
• Square: Assume the initial period is 4. Then the periods are 4, 9, 16, 25, 36...
• Triangular: Assume the initial period is 3. Then the periods are 3, 6, 10, 15, 21...
• Pentagonal: Assume the initial period is 5. Then the periods are 5, 12, 22, 35, 51...
• Hexagonal: Assume the initial period is 6. Then the periods are 6, 15, 28, 45, 66...

Most of the number sequences mentioned above are covered on Famous Mathematical Sequences & Series.

This is a fantastic indicator with thousands of setting combinations, which may produce unanticipated amazing results.

• Plot Trend Strength
• Allow selecting from
  11 popular moving averages
• Allow selecting from 10 sequence modes
• Allow specifying the maximum number of MAs and maximum period value
• Allow configuring "Minimum Consensus"
• Allow setting the approximate initial period of the sequence
• Allow configuring the slowest MA's filter
• Allow smoothing Trend Strength (with
  11 popular moving averages
  )
• Paint bars to show 2 phases: uptrend & downtrend
• Paint background to show 2 phases: uptrend & downtrend
• Colorize Trend Strength based on its value: positive, negative
• Highlight high & low zones
• Print markers on trend shift
• Trigger alerts on trend shift
• Be NinjaScript ready for advanced usage, only restricted by your imagination
• Expose dedicated NinjaScript signals

• Signal_Trend: 1 = uptrend, -1 = downtrend
• Signal_State: 1 = high, -1 = low, 0 = middle