Shortterm price movement
February 15, 2022, 9:09 AM
Indicators
0 Comments
This indicator shows coloured areas of the price movement which gives a good picture of the shortterm trend
Increase = (Close - Close[1]) > 0
Indicator = 0
i = 0
WHILE Increase[i] DO
Indicator = Indicator + 1
i = i + 1
DRAWSEGMENT(barindex, high, barindex, low)coloured(0,0,0)
AFR1 = close
BREAK
WEND
Decrease = (Close - Close[1]) < 0
Indicator = 0
i = 0
WHILE Decrease[i] DO
Indicator = Indicator + 1
i = i + 1
DRAWSEGMENT(barindex, high, barindex, low)coloured(0,0,0)
AFR2 = close
BREAK
WEND
IF close < close[1] THEN
DRAWPOINT(barindex, close, 2)coloured (255,0,255)
ELSE
DRAWPOINT(barindex, close, 2)coloured(0,255,0)
ENDIF
RETURN close, AFR1, AFR2
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Filename:
Short-Term-Price-Movement.itf
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