Like a rover that never stays in one place, Triple-Range Rover is designed to constantly keep up with the latest price development with the lowest possible lag, enabling you to follow the trend more quickly.
Using a proprietary algorithm, we combined 3 moving averages with special inputs into only 1 Triple-Range Rover plot. Each moving average comes with an additional Range attribute, which serves as a weight for these moving averages. You have the flexibility to adjust values for the period and range of each moving average in the settings.
What's unique about Triple-Range Rover? It can keep you in a strong trend until the very end, without "hiccups" in the middle.
Other trend indicators often show "hiccups," which means a Green uptrend will switch to a Red downtrend but just temporarily for a few bars, then resume to a Green uptrend again (so annoying)
Please see the pic below... which shows so SMOOTH uptrends & downtrends... Fewer hiccups.
Unlike traditional trend indicators that are unreliable in sideways markets, Triple-Range Rover provides reliable signals in trending markets and also in choppy markets that are sideways in a wide range. The indicator's trend signals are very close to swing points, suggesting that it is more sensitive to changes in prices compared to other conventional trend indicators.
Even though trend indicators carry the "lagging" nature, Triple-Range Rover is highly responsive to market price movements. We are glad to bring a good choice to you, who are searching for a price-sensitive trend indicator.
Dedicated NinjaScript signals:
- Signal_State: 1 = uptrend, -1 = downtrend
- Signal_Trade: 1 = uptrend start, -1 = downtrend start, 0 = no signal
- 03 Apr 2023 - The indicator was released (build new).
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