Real author:
goldenlion@ukr.net
A simple trend indicator with calculation of rise and fall in High and Low prices. Calculation formula:
i4_DRF_v2=100 * (Psum – NSum) / Period
where:
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Psum — the number of candles per calculation period, which have a growth in High;
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Nsum — the number of candles per calculation period, which have a growth in Low;
-
Period — calculation period.
Fig.1. The i4_DRF_v3 indicator