The Trend Force oscillator indicator.
The indicator has three input parameters:
- Period – calculation period;
- ATR’s period – ATR parameter;
- ATR’s coefficient – ATR parameter.
Calculation:
Trend Force[i] = Up[i]-Dn[i]
where
- Up[i] – the highest value (MaxPrice-ATR_Coeff*ATR) in the range from (i-Period+1) to i;
- Dn[i] – the lowest value (MinPrice+ATR_Coeff*ATR) in the range from (i-Period+1) to i;
- MaxPrice, MinPrice – the highest and the lowest price in the range from (i-ATR_Period+1) to i;
- ATR – Average True Range value with the period ATR_Period.
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