[pshaiCmd] MA-based Trend Detection System

Hello!

Here’s my latest command, an MA-based trend detection system.
This one utilizes only 1 moving average and price action!

Idea for the command was taken from this video: https://www.youtube.com/watch?v=bXOXc49IbCI

So basically, the system waits for a candle that is separated from the moving average. This is where the system starts to expect a possible reversal and records the high or the low of this candle. The reversal is confirmed once one of the next candles CLOSES above the recorded high or below the recorded low.
Simple as that! But effective AF!

The command outputs an object that has 2 values: “trend” and “step”.
The “trend” will tell you the direction of the trend: 0 == no trend, 1 == uptrend and -1 == downtrend.
The “step” will tell you whether we are waiting for a confirmation or not: 0 == not waiting/fullon, 1 == waiting for confirmation/possible reversal forming.

Example script:

local threshold = PriceStep()
local matds = CC_MATDS(
    threshold,  -- threshold
    100,        -- MA length
    SmaType,    -- MA type
    false,       -- use ADX
    14,   -- ADX length
    25, -- ADX confirmation level
    60,         -- interval
    1,          -- system type (0 or 1)
    false,      -- use high-speed prices
    true,       -- use plot
    true        -- use logs
)

local trend = matds[1]
local step = matds[2]

if trend == 1 and step == 0 then
    DoBuy()
elseif trend == -1 and step == 0 then
    DoSell()
end

I sincerely hope you like this wonderful piece of code and/or can benefit from it.

-= May the profits be with you =-
~pshai