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R Trend

The R-Trend indicator calculates a certain number of R, which is used for identifying trend direction. R ranges between -1 and +1. Positive values indicate an uptrend, negative values indicate a downtrend.

The R-Trend indicator should be paired with E-Flet.

Input Parameters

  • DRAWs=128 - the number of bars to draw the indicator deeper to history;
  • PeriodInd=14 - calculation period in bars to calculate indicator values.
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