RFI - Rise-Fall indicator

[0007]

Does anybody use or have knowledge of RFI ?

Can't find any references except MILLARD's book "Profitable Charting Techniques" He designates it as useful for detecting breaks in trendlines. R-F charts have a time axis (horizontal) but no price axis - the vertical axis is a direction indicator which has a nominal mid value of 100. To plot: rise in price = 1 step up, fall = 1 step down, no change = 1 step horizontal. You end up with a line chart upon which you can fit trendlines and / or deduce what you will.

 

[vladv]

Do you have the MQL code for this RFI?

 

[0007]

Do you have the MQL code for this RFI?

'fraid not. I just did it on a spreadsheet. I've given up using indicators - they just cloud the issue for me. it's all in price / trend / support / resistance IMHO.

 

[Crap Buddist]

CB T-Line

have a look dont know if this is the same but I opened up any old MA and thought( 2*close/2 (bar1)) - ma (2)

looks good calling this one CB T-Line toggled it here to pick up 2 hourly odd trend on short chart . These sort of things can drive you nuts but its creativity also