Real author:

goldenlion@ukr.net

A simple trend indicator with calculation of rise and fall in Close prices. Calculation formula:

i4_DRF_v2=100 * (Psum – NSum) / Period

where:

Psum — the number of candles per calculation period, which have a rise in price;
Nsum — the number of candles per calculation period, which have a fall in price;
Period — calculation period.

Originally this indicator has been written in MQL4 and was first published in the Code Base on 09.03.2008.

Fig1. The i4_DRF_v2 indicator

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