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Rating:

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Published:

2018.07.13 15:51

CRF.mq5 (6.73 KB) view

Download as ZIP, How to download code from MetaEditor

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Indicator CRF (Cumulative Rotation Factor) displays the states of the market: Uptrends/downtrends/consolidation.

It has no configurable parameters:

Calculations:

CRF = PrevCRF

If High > PrevHigh:
```
CRF = PrevCRF + 1
```
Otherwise, if High < PrevHigh:
```
CRF = PrevCRF - 1
```
If Low > PrevLow:
```
CRF = PrevCRF + 1
```
Otherwise, if Low < PrevLow:
```
CRF = PrevCRF - 1
```

Color:

If CRF > PrevCRF, then color is green
If CRF < PrevCRF, then color is red
If CRF == PrevCRF, then color is gray

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21275

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