Product / Product Information / Technical Analysis
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Auto-Trends
The Auto-trends study is used to automatically draw
trend lines over a chart. Usually, the break of an
auto-trend (similar to the trendlines) shows an entry
or exit signal.
There are the following three types of auto-trends in Tradecision:
· Minor duration trend, lasting less than a
week. Over the long haul, this trend has very little potential.
· Intermediate duration trend, occurring within
a period of time that exceeds one week but is within 1-2 months.
· Major duration trend, lasting longer than
one or two months. Long-term trends indicate stability. This
is the trend to trade with in most cases.
The study also identifies sideway trends, i.e.
those periods, during which the direction of the trend is unclear.
Sideway trends are marked with horizontal lines.
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