Advanced GET Studies - GET JTI
Overview
The GET JTI (Joseph Trend Index) is a dynamic mathematical model that can be used to identify the trend of the market, the direction of the trend and the strength of the trend. The GET JTI also uses the same algorithm for all markets and all time frames (such as daily, weekly and monthly).
The GET JTI calculates a Trend Index value which can be set to track the short, medium, normal or long term trend of the market. If the Trend Index value is greater than (30 to 50), the model classifies the market as trading in an up trend. If the Trend Index Value is below (-30 to -50), the model classifies the market as trading in a down trend. There are times when a market fails to generate a Trend Index Value and these are usually seen during extreme congestion periods. If the Trend Index value is between 30 to -30, it indicates the market is a a congestion phase and is non-trending.
This indicator can be used in conjunction with the Expert Trend Locator (XTL) as a confirmation of a trend due to the fact that they are independent calculations and are not related.
Please note that you must purchase Advanced GET to access this study.
How do I apply the Auto Trend Channel study?
To apply the GET JTI study to a chart, left-click on the GET icon and select GET JTI from the drop-down menu.
To apply the GET JTI study to a chart, left-click on the GET icon and select GET JTI from the drop-down menu.
Alternatively, you can also right-click on the chart, when the menu appears, left-click on Insert Study, left-click on the Advanced GET tab and then select GET JTI .
The GET JTI study will then appear in a study pane of the chart window.
Properties
To edit the GET JTI study parameters, either right-click on the chart and select Edit Chart or right-click on any of the lines of the study and select Edit.
Fast Mode: check box is used when you want the JTI to be extremely sensitive to any change in the trend strength. This setting should be used with caution due to the fact that it can give many false signals.
Trend Length: drop down box indicates what length of trend the JTI should display.
Bands: The Band 1 and Band 2 number boxes indicate at what level the upper and lower bands will be drawn.
Coloring: The colors of the Noise and Trend Strengths (Low, Medium, Strong) indications can be changed.
Alerts
Alerts
Select the Alerts tab to set an alert for when a new Top or Bottom Bias appears.
Auto Reactivate: When checked, the alert will reactivate so it can be triggered again.
Once per Bar: When checked, the alert will not trigger again until the price bar forms.
Alert Action: Select for when an alert triggers, to get a pop up alert, an audio alert, and if configured, an e-mail alert message.
Once per Bar: When checked, the alert will not trigger again until the price bar forms.
Alert Action: Select for when an alert triggers, to get a pop up alert, an audio alert, and if configured, an e-mail alert message.