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I have a tradestation formula for an indicator called the
Trend Intensity Indicator.
I am aware there is an indicator called the Trade Intensity Index that
has already been covered in the mailing list, but I am led to understand
that this indicator is different.
I am wondering if someone could please translate the code to
AFL?
inputs:
AvgLength(
60 ),
DevCalcLength(
30 ) ;
variables:
Avg( 0 ),
SDPlus( 0
),
SDMinus( 0
),
Dev( 0 ),
Offset( 0
),
TII( 0 )
;
Avg = Average( Close, AvgLength ) ;
SDPlus = 0 ;
SDMinus = 0 ;
for Offset = 0 to DevCalcLength - 1
begin
Dev =
Close[Offset] - Avg ;
if Dev
> 0 then
SDPlus
= SDPlus + Dev
else
SDMinus
= SDMinus - Dev ;
end
;
TII = SDPlus / ( SDPlus + SDMinus ) * 100 ;
Plot1(TII,"TrendInten");
Arthur
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