Indicator CRF (Cumulative Rotation Factor) displays the states of the market: Uptrends/downtrends/consolidation.
It has no configurable parameters:
Calculations:
CRF = PrevCRF
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If High > PrevHigh:
CRF = PrevCRF + 1
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Otherwise, if High < PrevHigh:
CRF = PrevCRF - 1
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If Low > PrevLow:
CRF = PrevCRF + 1
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Otherwise, if Low < PrevLow:
CRF = PrevCRF - 1
Color:
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If CRF > PrevCRF, then color is green
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If CRF < PrevCRF, then color is red
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If CRF == PrevCRF, then color is gray
