NEED HELLP WITH FORMULA

The formula for DeMarker Indicator is:

Calculating DeMax (i).

If HIGH (i) > HIGH (i - 1), DeMax (i) = HIGH (i) - HIGH (i - 1), otherwise DeMax (i) = 0.

Calculating DeMin (i).

If LOW (i) < LOW (i - 1), DeMin (i) = LOW (i - 1) - LOW (i), otherwise DeMin (i) = 0.

Calculating value of the DeMarker - DMark (i):

DMark (i) = SMA (DeMax, N) / (SMA (DeMax, N) + SMA (DeMin, N)).

Where: HIGH (i) - the highest price of the current bar;
LOW (i) - the lowest price of the current bar;
HIGH (i - 1) - the highest price of the previous bar;
LOW (i - 1) - the lowest price the previous bar;
SMA - simple moving average;
N - number of periods used for the calculation.

Thus, the DeMarker Indicator based on the following comparisons: if the maximum of the current bar is higher than the maximum price of the previous bar, then the corresponding difference is recorded. If the maximum price of the current bar is equal to or below the maximum of the previous bar, then register a zero value. Then, the differences obtained for the period are summarized. The resulting number becomes the numerator of the Demark Indicator and divided by the same value plus the sum of the differences between the minimum prices of the previous and the current bars for the period.

Propulsion Indicator

1. Select an appropriate time interval "X" (the standard is 14 days);
2. Find DeMax: (current high price) - (previous period's high price). If the value is not greater than zero, DeMax always returns zero;
3. Find DeMin: (previous period's low price) - (current low price). If the value is not greater than zero, DeMin always returns zero;
4. DeMarker Indicator = MovAvg(DeMax) / (MovAvg(DeMax) + MovAvg(DeMin))

Please try the following indicator formula for TC2000 v17.

AVG(IIF(H > H1, H - H1, 0), 14) / AVG(IIF(H > H1, H - H1, 0) + IIF(L < L1, L1 - L, 0), 14)

For HowBoutThat:

Is the Propulsion signal when the 21 period EMA of the Demark Indicator period 8 is over 70 and under 30?

Actually probably, but im trying to find a substitute for the Propulsion Indicator by Carter/Raghee.  Cant really find the formula for that yet.

http://www.tradethemarkets.com/public/mastering-the-trade-chapter-22-propulsion-plays.cfm

http://freewebinars.s3.amazonaws.com/Bringing-It-All-Together-With-Anchors.pdf

Source: http://freewebinars.s3.amazonaws.com/Bringing-It-All-Together-With-Anchors.pdf

Thanks Uncle. That was one chapter in the book I skimmed so quickly I had forgotten it. However, I don't think it is the Propulsion we're looking for. I can't match it visually to other charts which have the indicator as Raghee presented it.

For HowBoutIt;

I coded (from Bruce) an 8 period Demark

AVG(IIF(H > H1, H - H1, 0), 8) / AVG(IIF(H > H1, H - H1, 0) + IIF(L < L1, L1 - L, 0), 8)

and applied 8 period EMA to it. It matches fairly closely to the Propulsion indicator on Trading Views as I described earlier (Above 70, below 30) but I Ain't warranting anything:-)

Thank you so much guys.  I just got back from work to see that you guys were the ones that were really working.  I really appreciate the time that you've taken to help out.  Hopefully I can do the same one day.