SWIM INDEX -- DAY TRADER GIVE IT A TRY

[kailash pareek <johnnypareek@xxxx>]

Hi there,


Here is SWIM INDEX
/* SWIM INDEX 
coded by KAILASH K PAREE - INDIA .

As the name of indicator explains it self, It measures
the
swim of Price. Day Trader may find it very useful as
it gives
trend reversal in next 2-3 trading.

INTERPATION: 

Expect trend reversal or at least consolidation when
SI 
Spikes higher, (for Peak) OR lower, (for bottom), than

Relative spikes and turns back. I have found couple of
times
The thing called "HING" which appears 1-2 day before
the
Price reversal and common in Stochastic Oscillator.


*/

C1 = REF ( C , -1 ) ;
O1 = REF ( O, -1 ) ;
K = HHV ( ( H - C1 ) OR ( L - C1 ) , 1 ) ;
L = C1 * 0.20;
R = ATR ( 1 );

SI = ( ( C-C1+0.5*(C-O)+0.25*(C1-O))/R)*(K/L);

GRAPH0 = SI;
-------End -----

Kailash K Pareek





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