Article/Author: Omega Research Inc., 1997

Download: PCNTCHNG1.ELA

Category: Indicator > Miscellaneous

Description:

The Pcnt Chng 1 Data-Cum indicator calculates and plots the cumulative net change, expressed as a percent, between each bar�s Close and the previous bar�s Close for Data1 in a chart. Moving from left to right across the chart, the indicator calculates the percent change of each bar�s close as compared to the bar before it. This is then added to the running total of these percent changes and the running total is plotted on the chart.

Usage:

Because Pcnt Chng 1 Data-Cum begins accumulating values from the left of the chart, the numeric value of Pcnt Chng 1 Data-Cum will depend on the data available in the chart. Therefore, the relative value, or trend direction, of Pcnt Chng 1 Data-Cum is more important than its numeric value. Accumulating the percent changes sheds light on the pace of a trend and possible trend reversals. It may also be useful in identifying overbought and oversold conditions when the Cumulative Percent Change becomes extremely strong or weak.

IF CLOSE[1] <> 0 THEN

	PLOT1(PLOT1[1] + CLOSE / CLOSE[1] - 1, "PCNTCHNG1");