Weekly Trend Filter

Last modified 16:34, 26 Sep 2012

Weekly Trend Filter

wklytrndfltr.gifThe Weekly Trend Filter Hi-Lite will color code the bar chart in accordance with the direction of the Weekly Swing Chart at that time.

If the Weekly Swing Chart is in a confirmed up-trend then all the daily or weekly bars are colored green.

Conversely, if the weekly trend is down, all the daily or weekly bars are red.

If the weekly trend at any stage becomes uncertain, then the daily or weekly bars will be black.

The Weekly Trend Filter is typically applied to daily or weekly bar charts.

One significant advantage of the Weekly Trend Filter, just as with the Daily Trend Filter, is the ability to break the market down more easily into sections using the basic colour coding for the trend as your guide.

As the Market changes from down to uncertain and then eventually back up once more you can be assured you have identified a cyclic top or bottom for the weekly chart, giving you excellent starting points for more major cyclic analysis. Also using the colour coding in relation to the direction of the swing chart ensures that you trade predominantly in the direction of the weekly trend.

Display Settings

Right mouse-click on the Trend Filter label in the list of Series labels to open the Trend Filter Properties window.

Settings

The default settings used for the Weekly Trend Filter Hi-Lites are Green for up, Red for down and Black for uncertain.

You can change these and save the new colors as your default.

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