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Dear all, below is the formula of one of the TSV emulators - Worden's
proprietary indicator-; I like it a lot, but there is a light
problem: if one day H=L, TSVd is divided by 0, and the indicator get
stucked at -1 for ever...( This happens with KERX on March 28, 2001
for ex)
Could somebody help me adding a condition as if H=L, the indicator
keeps the previous day value? I'm tired out hitting my head against
the wall, it becomes painful with time...
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 ) ) / 1000000; //for
reference
// The following is simple TSV
TSV = MA(TSVd,T) * T/10000000;
TSV_MA = MA(TSV_exp,TMA);
Plot(TSV_Exp,"TSV ",9,styleLine+styleThick);
Plot(TSV_MA,"TSV Smooth ",colorWhite,styleLine);
Plot(TSV_ref,"TSV Raw ",12,styleArea+styleLeftAxisScale);
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