Arps Trender and Trender Pullback Tools

The Arps Trender is a powerful indicator that keeps you in the trend. When the trend is up, the Arps Trender plots a blue line below the price bars. When the trend is down, it plots a red line above the price bars.  Notice how closely the Trender follows the price while giving it enough room to swing without triggering a Trender reversal until the trend has completed its run.

The large colored dots are created by the Arps Trender Pullback tool and identify points where price has pulled back into the Trender without closing beyond it. These points represent excellent entry prospects in anticipation of a continuation of the previous trend.

NOTE: Before modifying any inputs, be sure you have read the section entitled "Using Input Settings."

Inputs include the following:

Sensitivity(Default = 2, Range 1-10) This input controls the sensitivity of the Arps Trender lines. A value of 1 is most sensitive, reflecting more short-term trend changes while a higher value is less sensitive, better reflecting the longer-term trend.

Use Close? (Default = True) This is a true/false input that controls the changing of trend direction identification. When Use Close is set to "False," the trend direction changes to "up" when the price high crosses above the Arps Trender downtrend line. Similarly, the trend direction changes to "down" when the price low crosses below the Arps Trender uptrend line. When Use Close is set to "True," the trend direction changes to "up" when the CLOSE crosses above the Arps Trender downtrend line. Similarly, the trend direction changes to "down" when the CLOSE crosses below the Arps Trender uptrend line.