For easier configuration & visualization, we highly recommend you add 2 instances of our Easy Trend indicators to your chart, one for the fastest MA and another for the slowest MA. If you want to buy both Period Sequence Magik & Easy Trend, please contact us for a special discount.
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...
This interesting indicator supports so many types of number sequences that you can choose from:
- 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.
Key features:
- Plot Trend Strength
- Allow selecting from
- 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
)
- 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
Dedicated NinjaScript signals:
- Signal_Trend: 1 = uptrend, -1 = downtrend
- Signal_State: 1 = high, -1 = low, 0 = middle
- 30 May 2022 - The indicator was released (build new).
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