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jim380
Aug 29, 2018 1:45 AM

Trend Strength Indicator --- Up/Down Bars % 

BITMEX:XBTUSD.P1D
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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Logic

With the lookback period set to 20 (editable), the script loops over the last 20 bars starting from the current bar and counts the up days (Close > Open) and down days (Close < Open). Then it divides the up/down days by the total number of days to give the %. Color themed fib levels are also implemented in this indicator.


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Comments
mediadragonceo
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Could give access to the source code? As I like the indicator but I would like to change some of the code to best suit my needs.
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