Market Trend
ProductionClassifies market as bullish/bearish based on RL30 slope and SMA 30.
Market Trend
Classifies market trend using RL30 and SMA30. Four states: Bullish, Bullish-Initiate, Bearish, Bearish-Initiate.
- State +1 (Bullish): RL30 > SMA30.
- State +2 (Bullish, OK to initiate longs): RL30 > SMA30 and SlopeRL30 trending up.
- State -1 (Bearish): RL30 ≤ SMA30.
- State -2 (Bearish, OK to initiate shorts): RL30 ≤ SMA30 and SlopeRL30 trending down.
Use Market Trend as a regime filter. State +2 confirms safe to initiate longs. State -2 confirms short entries.
Market Trend
Classifies market trend using RL30 and SMA30. Four states: Bullish, Bullish-Initiate, Bearish, Bearish-Initiate.
- State +1 (Bullish): RL30 > SMA30.
- State +2 (Bullish, OK to initiate longs): RL30 > SMA30 and SlopeRL30 trending up.
- State -1 (Bearish): RL30 ≤ SMA30.
- State -2 (Bearish, OK to initiate shorts): RL30 ≤ SMA30 and SlopeRL30 trending down.
Use Market Trend as a regime filter. State +2 confirms safe to initiate longs. State -2 confirms short entries.
Market Trends | LifelongEdge
Market Trend Indicator
Market Trend Indicator
The Market Trend indicator has four states of the market.
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Bullish means state is bullish but cautious about market turning. We monitor any existing long position but do not initiate new longs.
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Bullish and Longs are okay is a state for being bullish while taking on new long entries.
-1. Bearish, similarly, is a state of being cautiously bearish. We monitor short positions but do not initiate new shorts.
-2. Bearish and Shorts are okay is the opposite state, of being bearish and taking on new short entries.
The column indicator display the state of the market. The chart indicators show the state visually, with the following color coding.
Market Trend Indicator
The Market Trend indicator has four states of the market.
-
Bullish means state is bullish but cautious about market turning. We monitor any existing long position but do not initiate new longs.
-
Bullish and Longs are okay is a state for being bullish while taking on new long entries.
-1. Bearish, similarly, is a state of being cautiously bearish. We monitor short positions but do not initiate new shorts.
-2. Bearish and Shorts are okay is the opposite state, of being bearish and taking on new short entries.
The column indicator display the state of the market. The chart indicators show the state visually, with the following color coding.
The states are calculated using the values of RL30 and SMA30 and the direction of the slope of RL30.
For Bullish, we want value of RL30 to be greater than value of SMA30. For Bullish and Long Okay, in addition we want the slope of RL30 to be up. The reciprocal conditions apply for Bearish - value of RL30 is less than value of SMA30, and for Bearish and Short Okay we also want the slope of RL30 to be trending down.