Traders' Tips from TASC Magazine |
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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;
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Download to import into Tradecision. 
How to use this indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- 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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