TBI...estimated-adjusted ADXm-QQE
Trend Quality B-Indicator : Trend-noise Balance Indicator
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 Trend-Quality Indicator as described by David Sepiashvili in [Stocks & Commodities V. 22:4 (14-20)]. David Sepiashvili's article in this issue, "Trend-Quality Indicator," describes a method of assessing trend strength. To accomplish this, Sepiashvili uses a summing process to determine the cumulative price change (CPC). The CPC is reset to zero at every trend reversal. Trend reversals are based on the crossing of two moving averages. The CPC is "piecewise" averaged to produce the trend, which in turn is compared to a noise calculation to produce the quality indicator.
TBI with NET (Noise Elimination Technology)
• New templates ( a must )
• You can download and read more about the system by clicking »» HERE
