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Does anyone know Worden's formula for "Balance of Power"?
Thanks,
Art
--- In amibroker@xxxxxxxxxxxxxxx, "Ken Close" <closeks@xxxx> wrote:
> I have found the following formula a close approximation to TSV. It
> passes my "eyeball" test. I am not the author of the formula and
can
> not explain why it does such a fairly good job of approximating
the TSV
> of TC2k. I know of no equivalent approximate formula for
MoneyStream.
>
>
> Ken
>
> T = 18; // For a TSV with 18 day period
> TMA = 9; // For MA of TSV
>
> Alpha = 2/(T+1);
>
> TSVd= ( C-Ref(C,-1)) / ( H-L )*V;
> /* The following calculates Exponential Average for TSV */
> TSV_exp = 100*(AMA(TSVd,Alpha) * T/10000000);
>
> TSV_ref= Sum((( C-Ref(C,-1)) / ( H-L ))*V, T ); //for reference
>
> /* The following is simple TSV */
> TSV = MA(TSVd,T) * T/10000000;
>
> TSV_MA = MA(TSV_exp,TMA);
>
> //Plot(TSV,"TSV",4,4 + 2);
> //Plot(TSV,"TSV"+ WriteVal(T,1.0),5,4);
> Plot(TSV_MA,"MA",4,4);
> Plot(TSV_Exp,"TSV(exp)",colorYellow,4);
> Plot(0,"",7,1);
>
> -----Original Message-----
> From: the_chairmann [mailto:jhart_1972@x...]
> Sent: Monday, June 23, 2003 9:04 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Worden Formulas
>
> Does anyone know the formulas to Worden's Time Segmented Volume
and
> Moneystream? I've always found them to be pretty interesting but
> now that I've switched away from TC2000 I no longer have access to
> them.
>
>
>
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