Published By TradeSmith Customer Success
Each position has its own Health Trend. The math behind the Trend is complex but the concept is simple – find the moving average that was: (1) The best support for longer-term trends and (2) that provided the biggest bounces when the price came down to touch support. The Trend indicator was originally developed as a core component of the “Re-entry Rule (Entry Signal)” – the signal that tells us when it’s safe to get back into a position that had been previously stopped out.