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#1 Selling Amibroker Plugin featuring:
Mann-Kendall Trend Detection for Amibroker (AFL)
If the indicator value is zero non trending market…
If -1 down trend ,vice versa…
Enjoy it…!!!
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Indicator / Formula
_SECTION_BEGIN("Mann-Kendall"); Length= Param( "Period", 21, 5, 200, 1 ); function Trend(Price,Length) { Price=C; Result = 0; for (k=Length;k<BarCount;k++) { S = 0; for (i=k-Length+1;i<k;i++) { for (j=k-Length;j<i-1;j++) { Signum = sign(Price[i]-Price[j]); S += Signum; } } Variance =( Length*(Length-1.0)*(2*Length+5.0))/18.0; StdDev = sqrt(Variance); zScore = 0; if (S >= 0) { zScore=((S-1)/StdDev); }else { zScore=(S+1)/StdDev; } Result[k] = 0; //0- no trend, -1 - decreasing trend, 1 - increasing trend isTrend = False; if ((zScore>=1.65)||(zScore<=-1.65)) { isTrend=True; } if (isTrend) { if (S<0){ Result[k] = -1; }else { Result[k] = 1; } } } return Result; } Plot(C,"",colorRed,styleCandle); Plot(Trend(C,Length),"",colorRed,styleLine+styleThick|styleOwnScale); _SECTION_END();
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This formula was posted 3 days ago by isozaki.