CC_Counter Indicator

This indicator counts consecutive closes up and down. Maybe someone can find a good use for it.

Jack Sallen

{Written: J. Sallen 10/03/98}
Inputs: Len(10);
vars: k(0);
Array:CC[100](0);

For K=0 to Len-1 begin
CC[K] = C[k]-C[k+1];
end;

value2=0;

For K=0 to Len-1 begin
Value1=CC[k];
IF value1>0 then value2=value2+1;
IF value1<0 then value2=value2-1;
end;

plot1(value2,"CC_Count");

[15294]

Re: CC_Counter indicator

. To: omega-list@xxxxxxxxxx
. Subject: Re: CC_Counter indicator
. From: "Gary Fritz"
. Date: Tue, 17 Nov 1998 12:14:09 -0700
. In-reply-to: <36519EB4.D72A8D46@xxxxxxxxx>
. Priority: normal
. Reply-to: fritz@xxxxxxxx
. Resent-Date: Tue, 17 Nov 1998 11:14:16 -0800
. Resent-From: omega-list@xxxxxxxxxx
. Resent-Message-ID: <"t7kNd2.0.zf7.8iSKs"@mx1>
. Resent-Sender: omega-list-request@xxxxxxxxxx

"J. Sallen"
> This indicator counts consecutive closes up and down. Maybe someone can find a good use for it.

Hi Jack,

Actually it looks to me like your indicator plots a summation of the ups and downs in the last Len bars -- right? (I.e. if there were 4 ups and 6 downs, it would plot -2, regardless of what order they came in.) And that may actually be more useful than the consecutive ups/downs.

Notice that it always jumps by 2, since you're always adding one at the end of the Len-long window and removing one from the start. So either the cumulative total remains the same (add one up / remove one up, add one down / remove one down) or it changes by 2 (add up / remove down, etc).

Here's a slight modification of your indicator that doesn't require the CC array. I've also added an extra plot that does compute the consecutive number of ups/downs. Notice this one never has a value of zero, since it goes from "N down closes" to "1 up close" and vice versa.

Gary

Code:

Code to difficult? Find somebody to help you with coding here.

Author: Jack Sallen
Source: http://www.purebytes.com

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