CC_Counter indicator

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. Subject: CC_Counter indicator
. From: "J. Sallen" <pcourt@xxxxxxxxx>
. Date: Tue, 17 Nov 1998 10:05:08 -0600
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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

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. Subject: Re: CC_Counter indicator
. From: "Gary Fritz" <fritz@xxxxxxxx>
. Date: Tue, 17 Nov 1998 12:14:09 -0700
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"J. Sallen" <pcourt@xxxxxxxxx>
> 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