RelUpTrLen_forCodeBase_v01 - Indicator for MetaTrader 4

The indicator is developed for integration into the MT4 trading platform. It searches for the upward trends and shows the ratio between the trend’s length in bars and the length of the chart’s common segment.

To set RelUpTrLen_forCodeBase to a chart, you must manually mark a minimum (0) and a maximum (1). Once the indicator starts searching, it looks like a small dot on the chart. While forming the new bars, it takes the form of a line. To understand how this tool works, a trader should install it on a minute chart and observe its formation for several minutes.