CC Counter Indicator by Jack Sallen Tradestation Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

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Group: Tradestation Indicators

Title: CC Counter Indicator by Jack Sallen

Description: This indicator counts consecutive closes up and down

Type : Indicator , Name : CC_Counter Indicator

{Written: J. Sallen 10/03/98}
Inputs: Len(10);
vars: k(0); value2 = 0;
For K=0 to Len-1 begin
IF C[K]>C[K+1] then value2=value2+1
else value2=value2-1;
end; 

plot1(value2,"CC_Count");

Vars: CCount(0);

if (C > C[1]) then begin
if (CCount > 0) 
then CCount = CCount+1
else CCount = 1;
end
else begin
if (CCount < 0)
then CCount = CCount-1
else CCount = -1;
end;

plot2(CCount, "CC2");
plot3(0, "");

Author/Source: Jack Sallen