Dunn's Density Indicator II Tradestation Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Type : Indicator, Name : Dunn's Density Indicator II 

{ DUNN'S DENSITY INDICATOR, EL code by Pierre Orphelin
www.sirtrade.com } 

inputs: price(c), len(10); 

vars: k(0),diff(0),tmp(0),tmp2(0);
diff=price-price[1];
tmp2=0;
for k=0 to len-1 begin
tmp=0; 
if diff[k]<>0 then tmp=iff(diff[k]>0,1,-1);
tmp2=tmp2+tmp;
end;

plot1(tmp2,"densityC");
plot2(0, "mid");

Author/Source: Pierre Orphelin

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