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Kaufman's Efficiency Ratio (ER) Topic Rating:
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Bruce_L
Posted : Wednesday, March 15, 2017 1:30:51 PM


Worden Trainer

Joined: 10/7/2004
Posts: 64,759

Kaufman's Efficiency Ratio (ER)

Template

Function Version (v17+)

2 * RSI(x, y, z) - 100

Indicator Version

2 * RSIx.y.z - 100

Where x is the Period of the Indicator
Where y is a the Period of an additional Simple Moving Average
Where z is the number of Bars Ago. z can also be a date in the indicator version. May 4, 2015 would be (single quotes required): '05/04/2015'

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-Bruce
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TC2000 Support Articles
brakkar
Posted : Sunday, February 10, 2019 6:55:17 PM
Registered User
Joined: 1/25/2005
Posts: 39

Hello,

 

can this be used as a filter to filter out all stocks that are below a certain number of that indicator for all stocks on intraday 5mn timeframe for example?

Bruce_L
Posted : Monday, February 11, 2019 10:58:27 AM


Worden Trainer

Joined: 10/7/2004
Posts: 64,759

Yes, you would just put < followed by the desired numeric value after the end of the formula. So for example if you wanted a 20 period version with no additional smoothing being below 30, this could be written as follows.

2 * RSI20 - 100 < 30

Note that this could be simplified somewhat to the followinging.

RSI20 < 65



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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