Halftrend Strategy
Halftrend is a very popular ATR based strategy Halftrend which is considered a better version of supertrend to manage sideways markets with lesser whipsaws
The HalfTrend strategy shows , the strength of the trend. If there is no trend, the indicator will be flat and we identify it as accumulation temporary price or distribution zones. However, if a trend exists, there will be a slope in that direction. If the slope is steep, the trend is strong. If there is a strong uptrend, the indicator will be green, and the slope will be upward and robust. If there is a downtrend, the indicator will be red with a downward slope.
Download PineScript(Cash/Futures) here
Download PineScript(Options) here
Last updated