Exported using NT 7.0.1000.15
This is a simple implementation of the trigger lines which can be used as a trend filter. The trigger lines are composed of a linear regression indicator (LinReg) and a signal line, which is calculated as the exponential moving average (EMA) of the linear regression line.
When the LinReg indicator crosses above the signal line, it is considered bullish, if it crosses below, it is considered bearish.
The indicator allows to select a color for bullish and bearish conditions and shades the area between the trigger lines.
Default values used for the periods are 80 for the LinReg indicator and 20 for the EMA.
Update January 13, 2011: Indicator speed improved.
Update August 25, 2012: Algorithm for draw area improved to work with COBC = false.
Update October 5, 2013: Indicator code modified to allow for correct coloring when the plot is shifted.
Category NinjaTrader 7 Indicators
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