llallred |
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Friday, December 31, 2004 |
Sunday, July 18, 2010 1:28:26 PM |
3 [0.00% of all post / 0.00 posts per day] |
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Using the average of changes divided by the average of the absolute of all changes as the definition of the TRUE STRENGTH INDEX I came up with the following for a 12 day. I plotted it as an oscillator with a 3 day average. It appears to be an interesting index
TRUE STRENGTH INDEX ((C-C12)/12)/ ((ABS(C-C1)+ABS(C1-C2)+ABS(C2-C3)+ABS(C3-C4)+ABS(C4-C5) +ABS(C5-C6)+ABS(C6-C7)+ABS(C7-C8)+ABS(C8-C9)+ABS(C9-C10)+ABS(C10-C11) +ABS(C11-C12))/12) Larry
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I am really impressed by the Trend Trigger Factor. I just finished inserting it TTF15 (MAXH14 - MINL15.15 - (MAXH15.15 - MINL14)) / (.5*(MAXH14 - MINL15.15 + (MAXH15.15 - MINL14))))*100 Thanks so much for making it available Larry Allred
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