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Trend Continuation Factor Minus

For interpretation refer to the March 2002 issue of Technical Analysis of STOCKS & COMMODITIES magazine.

if ROC(C, 1, POINTS) > 0 then
    pc:=ROC(C, 1, POINTS);
    if pc <> 0 then
        if historysize>0 then
          pcf:=this\1\ + pc;
if ROC(C, 1, POINTS) < 0 then
    nc:=Neg(ROC(C, 1, POINTS));

return CumSum(nc, 35) - CumSum(pcf, 35);

Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
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