This calulation first calculates a regression line for a time series, then subtracts the slope of the line from each of the items. By removing the trend from the time series, the result is a series of detrended prices. It has the effect of flattening out the trend to make oscillations more visible.
Parameters:
Period Period with which to Calculate the DeTrend Function
Arguments:
OHLC of the Time Frame, or an
Output Indicator of a study in the TimeFrame
Output Indicators:
DeTrend
Example:
Study Name Expanded in a 3 minute timeframe:
I3_DeTrend(10)(I3CloseI3)_I3
This study calculates a DeTrend function with a period of 10 on the 3 minute time frame,
using the Close of the 3 minute period as the Input Argument
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::DeTrend
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