Shortterm price movement

Category: Indicators By: Sever Created: February 15, 2022, 9:09 AM
February 15, 2022, 9:09 AM
Indicators
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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

Download
Filename: Short-Term-Price-Movement.itf
Downloads: 131
Sever Average
Developer by day, aspiring writer by night. Still compiling my bio... Error 404: presentation not found.
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