Indicator
signal
"Half Trend BT" logo
Half Trend BT
0.0
03/09/2025
1
Desktop

The Half Trend indicator is designed to detect and highlight potential trend reversals by comparing recent highs and lows over a specified period, then plotting an “Up” or “Down” line accordingly. It optionally draws arrows at each trend change and can display pip differences between signals.


  • High/Low Series Selection
    • The indicator uses two price series (High and Low by default) to track local maxima and minima.
    • You can select different price types (e.g., Open, Close, Median, etc.) for each series via Maximum Price and Minimum Price.
  • Moving Averages & Period Calculation
    • A moving average (based on the chosen Smoothing type and Amplitude period) is applied to both the selected “high” and “low” price series.
    • The indicator compares current bar prices against these smoothed high/low levels to decide whether to switch from an uptrend to a downtrend (or vice versa).
  • Trend Detection & Plotting
    • If the indicator identifies an uptrend, it plots the Up line (cyan) and sets Trend to +1.
    • If it detects a downtrend, it plots the Down line (magenta) and sets Trend to -1.
    • The Main output (gray) updates internally to reflect the current support/resistance levels.
    • Trend is an invisible output series storing the trend direction numerically (+1 or -1).
  • Arrows & Pip Calculation
    • Show Arrows? – If enabled, the indicator draws an arrow on each new bar where a trend reversal is detected.
    • Show Pips? – If enabled, it calculates and displays the pip difference between the last signal and the new signal, drawing a small label and a trendline on the chart.
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