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Trend Trigger Factor

For interpretation refer to the December 2004 issue of Technical Analysis of STOCKS & COMMODITIES magazine.
input
   inp0:"number of periods", 15, 2, 100;
end_input

var
   x:=inp0;
   bp:=Highest(H, x) - Lowest(L, x)\x\;
   sp:=Highest(H, x)\x\ - Lowest(L, x);
end_var

return ((bp - sp) / (0.5 * (bp + sp))) * 100;


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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