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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.
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))
Great advice about the plotting historgrams. You might be my second google.
UnclePennyBags. I don't need Google. My wife knows everything.
Apparently Starbucks doesn't enforce stalking laws until your second cup of coffee. I hear that their coffee is great for making permanent stains on your clothes. Peace.
I want to thank all you guys. Especially the helpful ones with answers.
Thanks appreciate that. While youre at it. Do you have info on the Propulsion Indicator? I hope youre enjoying your chop sticks Uncle Penny! ;-)
Any way to get the GRAB Candlesticks on TC2000
Do You have a way to get the GRab Candle Sticks on TC2000
I need a PCF for the formula where the MAXH (max high) over a period of 144 price bars where the 144 count starts 10 days ago.
Thank you very much.