Computing Trend Quality in Amibroker

[edctk]

Hi guys,

Came across below from Market Index's ASX Top 5 Strategy Whitepaper. I'm trying to find out how to we compute the trend quality in Amibroker to filter out stocks with "bad" quality trend as shown on the left graph?

I'm thinking using a Linear Regression Slope might help but not sure how to implement it.

If anyone can point to me to some direction it'll be greatly appreciated. I'm quite new to quantitative analysis.




Thank you,
Ed

 

[qldfrog]

I invite you to search the "dump it" thread in the forum here, where you will find much info, for example search TSI..Post in thread 'Dump it Here' https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1115130

But there are many other ways to determine a trend strength

 

[edctk]

I invite you to search the "dump it" thread in the forum here, where you will find much info, for example search TSI..Post in thread 'Dump it Here' https://www.aussiestockforums.com/threads/dump-it-here.34425/post-1115130

But there are many other ways to determine a trend strength

Thank you for the tip!

The TSI indicator seems like a good starting point for me.

 

[Joe90]

Suggest a minimum volatility filter. Try ATR with a small range.

 

[edctk]

Suggest a minimum volatility filter. Try ATR with a small range.

Another great suggestion. I was only fixated to regression slope but should really go for simpler ones.

Thank you kindly

 

[qldfrog]

Another great suggestion. I was only fixated to regression slope but should really go for simpler ones.

Thank you kindly

Often, the simpler the better, then refine the key principle with more sophisticated research..not that i am an expert?

 

[edctk]

Often, the simpler the better, then refine the key principle with more sophisticated research..not that i am an expert?

"Simple" does seem to be a common theme when developing a strategy, more so on systematic / quantitative systems.

Well received, thank you