NVME Trend Index
Showcase - Main Settings - How To Use
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Showcase - Main Settings - How To Use
Last updated
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The NVME Trend Index is a unique blend of different calculation modules infused to candlestick data to create an end result of a two way colour system overlay. The trend index can also identify trends at an earlier stage of its life cycle before the move may actually occurs. This indicator alone is really easy to use as there isn't many settings to toggle around with therefore users can expect a user experience that is simple.
There are two main settings of NVME Trend Index, which is the Index length and the Index Reactivity. The index length determines the smoothness of the indicator, whilst the reactivity determines how quick or slow the indicator adapts to new trends.
Index Length
Default value is 14, which provides a balance of smoothness and quickness to the trend index. This setting will determines the smoothness of all the calculation modules in the index.
Increasing this value will make the indicator a lot smoother at the cost of having trends identified slightly later.
Decreasing this value will make the indicator slightly wavy but users will notice that trends can be identified slightly faster.
Index Reactivity
Default value is 14, which provides a balance of quickness and accuracy in identifying the trend. This setting will strongly determine how fast or slow a trend is identified.
Increasing this value will make the indicator slower at identifying trends earlier. This may also change the numerical values of each overlay.
Decreasing this value will make the indicator faster at identifying trends earlier. This may also change the numerical values of each overlay.
There are two settings in the trend settings group, which will impact the indicator's calculation multipliers, numerical results, some colour placements and trend strength. Users may customise these settings if they wish to have more control over the default trend index settings.
Trend Scalar
The trend scalar will impact every calculation multiplier and massively impact how the trend index will look depending on its value. This setting is universal and overrides 80% of the trend index.
Increasing this value will make the trend index look smoother and bigger, with the cost of trend identification being up to 20% slower.
Decreasing this value will make the trend index look smaller and wavy, with the benefit of trend identification being up to 30% faster.
Trend Offset
The trend offset is the second multiplier that impacts 20% of the trend index's code and calculations. It mostly affects the numerical result of each bar printed for the trend.
Increasing this value will result in up to 10% bigger bars using trend scalar and up to 5% decreased trend identification speed.
Decreasing this value will result in up to 10% smaller bars using trend scalar and up to 5% increased trend identification speed.
