Click here to Login








TFS Tether Line

by Brian Brown, 2861 days ago
Share |






TFS is a trend-following system introduced by Bryan Strain in "How to get with the trend and out at the end" in the Stock & Commodities magazine in 2000. It consists of a set of three indicators, used together to generate entries. We here focus on the TFS tether line indicator.

TFS formula simply consists in the calculation of a midpoint for each bar; it calculates indeed the highest of the price highs over 50 days back, then the lowest of the price lows over the same period, sums the two values and gets the half of the sum. The close price value seems then to cluster or tether around the line thus obtained.

TFS tether line period is generally taken as 50 days, but you may change that value to fit your own needs. The TFS tether function I have written, named 'tfs_tether ', takes that period as argument.

Here is the link of the other TFS components:
TFS Volume Oscillator
TFS MBO


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 254


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

Creating a download item: Initial Jobless Claims

How to search for a download item

Trading orders - Part 2

Trading Orders - Part 1

The average maximum drawdown metric

Introduction to the trading rules analyzer

Sharpe Ratio - Part 2

Sharpe Ratio - Part 1

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright 2017 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.