Half Trend Non-repainting

Please be aware this is the shortened version. More about this is explained in this important post by Mladen, here: Half Trend shortened.

What is the Half Trend indicator?

The Half Trend indicator is used for spotting trend changes and price momentum by looking at Highs, Lows, and Moving Averages over a specific timeframe. It uses the ATR (Average True Range) within it's calculation to provide extra validation for when to enter or exit trades.

How it works

• The original Half Trend calculates trend direction by analyzing price action, specifically the Highest High and Lowest Low over a given period.
• A Moving Average is then used to smooth the Highs and Lows.
• If the smoothed High crosses below a key Low price, a Sell signal is generated.
• If the smoothed Low crosses above a key High price, a Buy signal is generated.

Does the Half Trend indicator repaint?

Most versions available online will repaint. This version, however, will not repaint.

PS: A newer, experimental Half Trend by Moderator Kvak has also been introduced, here: Half Trend Slope.