fxcodebase-backup
Trend Confirmation Index
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65277
Forum: 48 · Topic 65277 · 1 post(s)
Trend Confirmation Index
Alexander.Gettinger · Sat Oct 28, 2017 12:07 pm
As a presumption, the position of the closing price within the candles, provides information whether the trend is strong or weak, gains or loses power.
TCI will calculate the average of last N position of the closing price within the candles.
Position of Close within the candles are calculated as (C-L) / ((H-L) / 100).
Download: