This is a very simple script... it does not necessarily create signals. It only provides useful feedback via statistics & probability.
There will be a green background if there are two green bars in a row, and it will stay green until two red bars show up (in which it switches color to red until two green bars show up again).
The fuchsia arrows show the double...
Trend Continuation Factor indicator script.
This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 20:3 (58-64): Trend Continuation Factor).
