I worked with it a little. Is this the correct PCF condition: c >=.5 * ((O1 + H1 + L1 + C1 + O2 + H2 + L2 + C2 +O1 + H1 + L1 + C1 +O4 + H4 + L4 + C4) /16)
It isn't giving the %True representation that I expected but that is another story. I'll keep working on it.
Thanks,
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I found this description of Carter's Trend Indicator using Heiken=Ashin:
"Basically using Hiken Ashi bars if the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color."
If this is enough information and it is possible in V12.2 I would appreciate your writing a Custom %True Indicator that it points true when the "5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average" condition exists.
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