CRF - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The indicator CRF (Cumulative Rotation Factor) shows the market status: uptrend / downtrend / consolidation .

It has no configurable parameters:

 CRF = previous CRF

• If high > previous high :

   CRF = previous CRF + 1

• Otherwise, if high < previous high :

   CRF = Previous CRF - 1

• If lowest price > previous lowest price :

   CRF = previous CRF + 1

• Otherwise, if the lowest price < the previous lowest price :

   CRF = Previous CRF - 1

color:

If CRF > previous CRF , then the color is green

If CRF < previous CRF , then the color is red

If CRF == previous CRF , then the color is gray

Attachment download

📎 crf.mq5 (6.73 KB)

Source: MQL5 #21275