Landry Proper Order

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Landry Proper Order Indicator

The Landry Proper Order indicator visualizes the positioning of three moving averages (MAs) to indicate the current trend. The indicator is highly customizable, allowing users to select different types of MAs (Simple Moving Average or Exponential Moving Average) and adjust their lengths. The indicator works on the principle that when the MAs are in a specific order, it indicates a strong trend in the market.

Key Features:

Customizable Moving Averages: Users can select the type of moving averages (SMA or EMA) and set custom lengths for each of the three MAs:

MA1 (default: 10)
MA2 (default: 20)
MA3 (default: 30)
Landry Proper Order Conditions:

Uptrend (Landry Up): When the MAs are ordered in an ascending manner: MA1 > MA2 > MA3.

Downtrend (Landry Down): When the MAs are ordered in a descending manner: MA3 > MA2 > MA1.

Visual Representation:

Background Color: The background color changes based on the trend:
Green when the MAs are in an uptrend.
Red when the MAs are in a downtrend.
Yellow when there is no clear order.

MA Colors: The moving averages are color-coded based on the trend:
Fuchsia for MA1 (when in trend).
Lime for MA2 (when in trend).
Red for MA3 (when in trend).
Gray for neutral or no trend.

Cumulative Trend Counters:

Displays the cumulative number of days the trend has been active in either an uptrend or downtrend.
Shows the percentage change from the start price in either trend.

Screener Functionality:

Alerts for the new formation of uptrends or downtrends, signaling a shift in the market's structure.
Users can receive an alert when the "Landry Proper Order" is active in either direction.

Alerts:

Alerts for the detection of a new "Landry Proper Order Up" or "Landry Proper Order Down" condition.
Alerts when the "Landry Proper Order" is active in either an up or downtrend.

21 jam lalu

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