# Traders' Tips from TASC Magazine

### Trend Quality Indicator

David Sepiashvili's article "Trend Quality Indicator" introduces two new indicators;
Q-indicator and B-indictor. Both can be added to MetaStock with the formulas listed below.

To enter this indicator into MetaStock:

1. In the Tools menu, select Indicator Builder.
2. Click New to open the Indicator Editor for a new indicator.
3. Type the name of the formula.
4. Click in the larger window and type in the formula.
 Name: Q-indicator Formula: m:=Input("% Scalar trend period",1,25,4);n:=Input("% Scalar noise period",1,500,250);cf:=Input("% Scalar correction factor",1,250,2);p1:=Input("First moving average periods",1,200,7);p2:=Input("Second moving average periods",1,200,15);rev:=Mov(C,p1,E)-Mov(C,p2,E);pds:=If(rev>0,1,-1);dc:=ROC(C,1,\$);cpc:=If(pds<>Ref(pds,-1),0,(dc*pds)+PREV);trend:=If(pds<>Ref(pds,-1),0,(cpc*(1/m))+(PREV*(1-(1/m))));dt:=cpc-trend;noise:=cf*Sqrt(Mov(dt*dt,n,S));trend/noise Name: B-indicator Formula: m:=Input("% Scalar trend period",1,25,4);n:=Input("% Scalar noise period",1,500,250);cf:=Input("% Scalar correction factor",1,250,2);p1:=Input("First moving average periods",1,200,7);p2:=Input("Second moving average periods",1,200,15);rev:=Mov(C,p1,E)-Mov(C,p2,E);pds:=If(rev>0,1,-1);dc:=ROC(C,1,\$);cpc:=If(pds<>Ref(pds,-1),0,(dc*pds)+PREV);trend:=If(pds<>Ref(pds,-1),0,(cpc*(1/m))+(PREV*(1-(1/m))));dt:=cpc-trend;noise:=cf*Sqrt(Mov(dt*dt,n,S));temp:=If(Abs(trend)+Abs(noise)=0,1,Abs(trend)+Abs(noise));(Abs(trend)/temp)*100;

Below is these indicators would look on a chart of SPY: 