INVITE-ONLY SCRIPT
[Trendycator] Expected Trend Indicator (ETI)
ETI (Exchange Trend Indicator) is a very powerful indicator of strength.
This analyse the asset and output a number that indicate how much the asset is raising up.
With this indicator investor/trader can find the better performance asset in term of growth and volatility.
Being classified among the best according to ETI means that the asset was able to:
• create constant value over time
• maintain volatility (and therefore risk) at contained levels
• quickly recover from the inevitable declines
• maintain an optimal risk/return ratio
Therefore, the characteristics that the asset must have to pass the ETI exam are:
• history of at least of 60 bars (independent from time-frame)
• consistently positive performance at 20, 40, 60 bars.
• consistently profitable risk-adjusted return
• growth "ideally" at 45°, as in the image below
Usage details
-Note that if asset does not pass one of above check, ETI indicator will be plotted on chart with “NULL” message.
In below example is clearly visible the absence of trend UP and very big volatility
In below example the asset is in down trend
-Desired value is above 10, that indicates a very good uptrend.
Settings
ETI Indicator has no possibilities of settings.
Conclusion
Trendycator do not provide any guarantees regarding your ability to obtain results or earn money with our ideas, information, tools or strategies.
Nothing on our content makes any promise or guarantee of future results or earnings.
You alone are responsible for your decisions, actions and results in life, and using our code you agree that you will not attempt to hold us responsible for your decisions, actions or results, at any time, under any circumstances.
This analyse the asset and output a number that indicate how much the asset is raising up.
With this indicator investor/trader can find the better performance asset in term of growth and volatility.
Being classified among the best according to ETI means that the asset was able to:
• create constant value over time
• maintain volatility (and therefore risk) at contained levels
• quickly recover from the inevitable declines
• maintain an optimal risk/return ratio
Therefore, the characteristics that the asset must have to pass the ETI exam are:
• history of at least of 60 bars (independent from time-frame)
• consistently positive performance at 20, 40, 60 bars.
• consistently profitable risk-adjusted return
• growth "ideally" at 45°, as in the image below
Usage details
-Note that if asset does not pass one of above check, ETI indicator will be plotted on chart with “NULL” message.
In below example is clearly visible the absence of trend UP and very big volatility
In below example the asset is in down trend
-Desired value is above 10, that indicates a very good uptrend.
Settings
ETI Indicator has no possibilities of settings.
Conclusion
Trendycator do not provide any guarantees regarding your ability to obtain results or earn money with our ideas, information, tools or strategies.
Nothing on our content makes any promise or guarantee of future results or earnings.
You alone are responsible for your decisions, actions and results in life, and using our code you agree that you will not attempt to hold us responsible for your decisions, actions or results, at any time, under any circumstances.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Trendycator for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″To get access go to my website that you find in my profile or message me directly, don't use comment area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.