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Same Direction
It returns the number of periods the close is moving in the same direction.
A positive number indicates ascending close prices, a negative descending ones and zero unchanged ones.

Same Direction

If(C>Ref(C,-1) AND Ref(C,-1)>Ref(C,-2),PREV+1,
If(C<Ref(C,-1) AND Ref(C,-1)<Ref(C,-2),PREV-1,
If(C>Ref(C,-1) AND Ref(C,-1)<=Ref(C,-2),1,
If(C<Ref(C,-1) AND Ref(C,-1)>=Ref(C,-2),-1,


This formula might be useful as a component of other indicators, systems or explorations, rather than as a stand-alone indicator.
Source / From: TOP

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