UDP – indicator for MetaTrader 5

Indicator UDP (Up/Down Percentage) displays the direction of candlesticks, i.e., up/down, as a percentage over the selected period.

It has two configurable parameters:

  • Period – calculation period;
  • Applied price – price used for calculations.
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Calculations:

UP = SMA(UpF, Period)
DN = SMA(DnF, Period)

where:

If Price > PrevPrice:

UpF = 1

otherwise:

UpF = 0

If Price < PrevPrice:

DnF = 1

otherwise:

DnF = 0

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