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Trend Continuation Factor Position

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 ROC(C, 1, POINTS) < 0 then
  nc:=Neg(ROC(C, 1, POINTS));

if pc = 0 then
    if historysize>0 then pcf:=pcf + this\1\;

if nc = 0 then
    if historysize>0 then ncf:=ncf + this\1\;

ptcf:=CumSum(pc, 35) - CumSum(ncf, 35);
ntcf:=CumSum(nc, 35) - CumSum(pcf, 35);

if ptcf > 0 then
  if ntcf > 0 then
    if historysize>0 then

return TFC;

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