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On Sat, 04 Oct 1997 15:17:32 -0500 Tim Kruzel <TKruzel@xxxxxxxxxxxxxxxx>
writes:
>Tom,
>I haven't ordered 6.5 yet but I was curious about the Polarized
>Fractal
>Efficiency Indicator. What exactly is that? Do you know of any sources
>where one could read up on it?
>
Tim,
Here's the formula and a source of info.
Polarized Fractal Efficiency
Rev. 03/20/97
The January 1994 issue of Stocks & Commodities featured an article by
Hans Hannula
on Polarized Fractal Efficiency. Here is the custom formula for creating
the five-period
smoothed 10-day PFE using MetaStock:
Polarized Fractal Efficiency
Mov(If(C,>,Ref(C,-9),Sqr(Pwr(Roc(C,9,$),2) + Pwr(10,2)) /
Sum(Sqr(Pwr(Roc(C,1,$),2)+1),9),-
Sqr(Pwr(Roc(C,9,$),2) + Pwr(10,2)) /
Sum(Sqr(Pwr(Roc(C,1,$),2)+1),9))*100,5,E)
Ken
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