ZenTrend Price Cycles

26 Dis 2023

ZenTrend attempts to plot the cycles that occur as the price cycles between the top and bottom of long- and short-term price linear regression channels.

The indicator observes a fast (35-period) and a slow (100-period) linear regression channel and plots their slopes on an oscillator. When the slope of the fast channel crosses above or below the slope of the slow channel, a signal is plotted.

• The red line is the slope of the fast channel; blue is the slope of the slow channel
  
• A green dot and background indicates the slope of recent price action has crossed above the slope of long-term price action.
  
• A red dot and background indicates the slope of recent price action has crossed below the slope of long-term price action.
  
• A gray dot indicates the slope of recent price action is slowing. The difference between the long- and short-term slopes is narrowing.
  

Here are things I look for when observing price cycles

• Where does the cross occur? Crosses high above or below the 'zero line' indicate a more extreme change in price channel slopes.
  
• Flat line: crosses that occur while the lines are flat often indicate chop.
  
• "Curve" of the line - a cross that occurs as the slope lines are starting to curve up/down indicates a sharper and more extreme change in price channel slope.
  

26 Dis 2023

Nota Keluaran

Updated chart and parameter names

4 Jan

Nota Keluaran

Added optional display of LRSI crosses

15 Mac

Nota Keluaran

Bull/bear background color is now based on indicator slope. I'm finding this to be more accurate than basic crosses.

8 Jun

Nota Keluaran

- New option to show ZenTrend plot from a higher timeframe (look for alignment)
- Option to show standard deviation bands. Crosses above/below deviation indicate a strong trend. ZenTrend within the standard deviation indicate flat price action.
- Option to show Laguerre RSI crosses - look for confluence with ZenTrend and LRSI

9 Jun

Nota Keluaran

• Added red/green color to line based on slope
  
• Added ability to hide 'slow' plot