Indicators: Percentage of Trend

[Automated-Trading]

Percentage of Trend:

This Indicator is used for calculating trend.

The indicator values are calculated by this formula :

• For first period (red color) = (Close - LowValue) / (HighValue - LowValue)
  

The value is between 0 - 1.
The higher value means uptrend, the lowest value means downtrend, value in the middle means sideway.

• For second period (blue color) = (Close - LowValue)*-1 / (HighValue - LowValue)

The value is between -1 - 0.
The higher value means downtrend, the lowest value means uptrend, value in the middle means sideway.

where :

• HighValue - the highest high for n period;
• LowValue - the lowest low for n period;

Author: biantoro kunarto

[joeflextronic]

Automated-Trading:

Percentage of Trend:

Author: biantoro kunarto

 

HELLO Biantoro,

  I am very interested on this indicator, but i would like the indicator on my MT4. Can you make it on MQL4? Really hope i could get response from you. Thanks. 

[Biantoro Kunarto]

Please check this indi