Congestion index

Category: Indicators By: Nicolas Created: October 25, 2015, 8:56 PM
October 25, 2015, 8:56 PM
Indicators
0 Comments

The congestion index is an indicator that can be use for identifying breakout of consolidation periods.

The congestion index is calculated by taking the difference between the highest close price and the lowest close price for a specific period and then dividing the result by the lowest close price for the same period. Finally, the index value is multiplied by 100.

It is a simple formula :

index = ((Highest[n](close)-Lowest[n](close))/Lowest[n](close))*100

RETURN index

 

Download
Filename: Congestion-index.itf
Downloads: 104
Nicolas Master
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems. If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
Author’s Profile

Comments

Logo Logo
Loading...