Trend Strength Indicator --- Up/Down Bars % by jim380

Logic

With the lookback period set to 20 (editable), the script loops over the last 20 bars starting from the current bar and counts the up days (Close > Open) and down days (Close < Open). Then it divides the up/down days by the total number of days to give the %. Color themed fib levels are also implemented in this indicator.

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Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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