Real author:

goldenlion@ukr.net

A simple trend indicator with calculation of rise and fall in High and Low prices. Calculation formula:

i4_DRF_v2=100 * (Psum - NSum) / Period

where:

• Psum — the number of candles per calculation period, which have a growth in High;
• Nsum — the number of candles per calculation period, which have a growth in Low;
• Period — calculation period.

Fig.1. The i4_DRF_v3 indicator