DSTrading (version 1.0)

iTrend: Ehlers Instantaneous Trendline Indicator

Description

Ehlers Instantaneous Trendline Indicator

Usage

iTrend(HLC, alpha = 0.07, priceMethod = "Close")

Arguments

HLC

an xts object containing High, Low, and Close price data.

alpha

a dampening factor -- default .07

priceMethod

use "Close" for close prices or any other string for (H+L)/2

Value

iTrend, the instantaneous trendline indicator iTrigger -- the trigger line. Buy when this crosses above/sell when crossing under.

References

http://www.mesasoftware.com/Seminars/AfTA%20May%2003.pdf