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Traders' Tips from TASC Magazine
Trend Continuation Factor Minus

For interpretation refer to the March 2002 issue of Technical Analysis of STOCKS & COMMODITIES magazine.
var
  pc:=0;
  nc:=0;
  pcf:=0;
end_var

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

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


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