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Views:: 4504
Rating:: (14)
Published:: 2018.07.13 15:21

UDP.mq5 (9.27 KB) view

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Indicator UDP (Up/Down Percentage) displays the direction of candlesticks, i.e., up/down, as a percentage over the selected period.

It has two configurable parameters:

Period - calculation period;
Applied price - price used for calculations.

Calculations:

UP = SMA(UpF, Period)
DN = SMA(DnF, Period)

where:

If Price > PrevPrice:

UpF = 1

otherwise:

UpF = 0

If Price < PrevPrice:

DnF = 1

otherwise:

DnF = 0

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21168

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UDP - indicator for MetaTrader 5