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Can I create a weight of the evidence calculation? Rate this Topic:
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Posted : Thursday, January 10, 2019 12:16:10 PM
Registered User
Joined: 3/24/2008
Posts: 1

I like 10 different technical indicators. Some are my own formula and some are prebuilt classic Worden indicators like MACD.  I would like to calculate a pecentage of these indicators that are either positive or negative to create an weight of the evidence approach.  Is there a way to do this?

Posted : Friday, January 11, 2019 11:57:50 AM

Worden Trainer

Joined: 10/7/2004
Posts: 65,138

Yes, it is possible (assuming all of the indicators can be created using formulas), but I would need more details to help you create the desired formula.

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