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 Investor/RT Tour ( more on Technical Indicators )
Trend Continuation Factor (TCF)
The Formula . . . 

. . .more on Formulas 
IF (CL > CL.1)
   +Change = CL - CL.1
   -Change = 0
ELSE
   +Change = 0
   -Change = CL.1 - CL

IF (+Change = 0)
   +CF = 0
   -CF = -Change + -CF.1
ELSE
   +CF = +Change + +CF.1
   -CF = 0

TCF+ = SUM(+Change, n) - SUM(-CF, n)
TCF- = SUM(-Change, n) - SUM(+CF, n)

where n = period
 
The Presentation . . . 

. . . more on Charts 

Above is a Daily Chart of Microsoft (MSFT).  The Trend Continuation Factor (TCF) is added to the lower window pane, using the preferences seen below.  The blue line represents the TCF+ while the red line represents the TCF-.
 
The Preferences . . . 

. . . more on Preferences 

  • Price - Price data used as input to the indicator.

  • Period - Period used in TDI formula, as seen in the formula section above.

  • TCF+  - Check this box, and use this color control, if you would like to draw the TCF+ line, or the Positive Trend Continuation Factor.

  • TCF-  - Check this box, and use this color control, if you would like to draw the TCF- line, or the Negative Trend Continuation Factor.
 
The Description . . .
The Trend Continuation Factor (TCF) was introduced by M. H. Pee.  It was created to help identify the trend, and it's direction.

Positive values of either the Positive Trend Continuation Factor (TCF+) and the Negative Trend Continuation Factor (TCF-) indicate the presence of a strong trend.  Positive values of TCF+ indicator a strong uptrend, while positive values of TCF- indicate a strong downtrend.  TCF+ and TCF- cannot both be positive at the same time, since both an uptrend and a downtrend cannot occur simultaneously.  Both can be negative.  If both are negative, this signifies consolidation, or the absence of a trend.  It recommended to enter long positions when the TCF+ value is positive, and enter short positions when the TCF- value is positive.

Keyboard Adjustment
You can adjust the TCF period directly from the keyboard without having to open up the TCF preferences window.  Just select the TCF indicator in the chart (either by tabbing to the indicator or by clicking on it), and then simply hit the up arrow on they keyboard to increase the period by one, and the down arrow on the keyboard to decrease the period by 1.