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OmniTrader Professional Forum OmniLanguage Discussion Intrinsic Trend 2 Direction indicator		Last Activity 7/6/2025 3:47 AM 1 replies, 974 viewings

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kmcintyre

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Posts: 132

Joined: 9/12/2007
Location: Valley Center, CA

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Subject : Intrinsic Trend 2 Direction indicator
Posted : 5/28/2021 7:59 PM
Post #31507

Since watching last weeks Market Pulse dot Live, I have been working with Intrinsic Trend 2.

I really like the module, but I found a limitation in the OLang support.

The Intrinsic Trend Slope has two lines, long and short. The long line is drawn when IT2 senses an uptrend. The short line is drawn when IT2 detects a downtrend.

Unfortunately, there is only one function exposed in OLang - IT_Slope. It only exposes the long line. And it doesn't signal when the long trend ends.

So I created an indicator that determines the direction of the Intrinsic Trend.

The code is pretty simple, but it took me a while to figure out how to determine the IT direction. (I hope it works in all instances, but no guarantees...)

indITDirection.txt is attached. It returns 1 if the IT is up, -1 if the IT is down, and 0 if warming up.

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