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2008.05.15 07:37
Indicators

RelDownTrLen - indicator for MetaTrader 4

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The indicator displays the ratio between the length of the current down-trend (in bars) and the total length of the period barsToProcess (of course, in bars, as well) where the down-trend is searched for. You should manually fix minimum at 0 and maximum at 1 when attaching this indicator to a chart. Immediately after it has been attached to the chart, the indicator shows only one value, which graphically looks as a not really noticeable point. As new bars become available, the indicator chart becomes more visible. To get acquainted with the indicator, you may attach it to a one-minute chart and eye its work for no less than several minutes..




Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8129

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