i4_DRF_v2 – indicator for MetaTrader 5
A simple trend indicator with calculation of rise and fall in Close prices. Calculation formula:
i4_DRF_v2=100 * (Psum – NSum) / Period
- Psum — the number of candles per calculation period, which have a rise in price;
- Nsum — the number of candles per calculation period, which have a fall in price;
- Period — calculation period.
Originally this indicator has been written in MQL4 and was first published in the Code Base on 09.03.2008.
Fig1. The i4_DRF_v2 indicator