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thnkbigr
Posted : Thursday, November 09, 2017 12:19:59 PM
Platinum Customer Platinum Customer

Joined: 3/31/2006
Posts: 3,164

Bruce,

Do we have Vertical/Horizantal filter indicator in TC? I can't find it 

Also what other indicators are out there that measure the strength of the price trend? 

Thanks 

StockGuy
Posted : Thursday, November 09, 2017 12:35:15 PM

Administration

Joined: 9/30/2004
Posts: 9,129

For 28 periods use the following in a custom PCF indicator:

(MAXC28-MINC28) / SUM(ABS(C-C1),28)

Bruce_L
Posted : Thursday, November 09, 2017 12:35:23 PM


Worden Trainer

Joined: 10/7/2004
Posts: 64,136

You might want to try the Kaufman Efficiency Ratio.

We don't have a VHF indicator, but the first formula I found for it would seem to be something like the following where the period is 20.

(MAXC20 - MINC20) / SUM(ABS(C - C1), 20)

But this doesn't completely make sense to me in that the net changes cover an extra bar. So I would think the correct way to write this should be the following instead.

(MAXC20 - MINC20) / SUM(ABS(C - C1), 19)

Or mayby adjust the numbers the other way.

(MAXC21 - MINC21) / SUM(ABS(C - C1, 20)



-Bruce
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thnkbigr
Posted : Wednesday, November 14, 2018 10:28:22 AM
Platinum Customer Platinum Customer

Joined: 3/31/2006
Posts: 3,164

Bruce,

What's the diff between VHF and Efficiency ratio indicator 

thnkbigr
Posted : Wednesday, November 14, 2018 1:40:06 PM
Platinum Customer Platinum Customer

Joined: 3/31/2006
Posts: 3,164

I figured this out 

thnkbigr
Posted : Wednesday, November 14, 2018 1:53:42 PM
Platinum Customer Platinum Customer

Joined: 3/31/2006
Posts: 3,164

The denominator in both indicators are the same

It is the Abs Sum of the difference between each day over the look back period

But the numerator on VHF is Highest High or Highest Close - Lowest Low or Lowest Close during the look back period while in Efficiency Ratio the Numerator is the difference between todays Close and the close of your look back period 

Am I correct here?  

Bruce_L
Posted : Thursday, November 15, 2018 11:52:18 AM


Worden Trainer

Joined: 10/7/2004
Posts: 64,136

Yes, you seem to be correct in your understanding of the difference between the two.



-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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