MESA Trend.MTREND
The price is modeled as the simple addition of a trend plus a single cycle.
The MESA study measures the dominant cycle. The cyclic component of the model
is completely removed by taking a simple average over the period of the dominant
cycle, leaving the trend component as the residual. The process is repeated
for each bar to compute the MESA trend.
The MESA Trend study has three adjustable parameters, cycle factor, color, and
graph type:
Topics:
