Another variation within the dynamic MyNET which falls under the umbrella of v2v dynamic trading
The Trend-Quality indicator is a trend detection and estimation tool that is based on a two-step filtering technique. It measures cumulative price changes over term-oriented semicycles and relates them to “noise”. The approach reveals congestion and trending periods of the price movement and focuses on the most important trends, evaluating their strength in the process. The indicator is presented in a centered oscillator (Q-Indicator) and banded oscillator format (B-Indicator) ---this variation uses dynamic bands.
B-Indicator is a banded oscillator that fluctuates originally between 0 and 100 (again, this variation uses dynamic bands or zones). It is calculated by dividing absolute trend by noise added to absolute trend, and scaling the result as necessary.
The B-indicator doesn’t show the direction of price movement, but only the existence of the trend and its strength. It requires additional tools for reversal manifestations.
The indicator’s interpretation is simple. The central line suggests that the trend and noise are in equilibrium (trend is equal to noise).
Values:
---below mid or 50 = Gold line color indicate ranging market
---in the mid to 65 range (or +15 from mid)indicate weak trending
---in the 65 to 80 range (or +30 from mid) indicate moderate trending
---above 80 range (or 30+ from mid) indicate strong trending
The 65 level (or +15 from mid)can be thought of as the demarcation line of trending and ranging markets and can help determine which type of technical analysis indicator (lagging or leading) is better suited to current market conditions. Readings exceeding strong trending levels can indicate overbought or oversold conditions.
The Trend-Quality Indicator as described by David Sepiashvili in [Stocks & Commodities V. 22:4 (14-20)]
https://traders.com/documentation/feedb ... sTips.html
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