Re: Kase Indicator

["Glen Wallace" <gcwallace@xxxxxxxx>]

J:

I wondered about the logic myself.  The line you highlighted is
just moving average volume multiplied by the square root of 10.
The ATR, volume, and square root stuff is smoke and mirrors,
while the essence of the entire indicator is:

If (Ref(High,-10) / Low) > (High / Ref(Low,-10)) then plot the Low
If (Ref(High,-10) / Low) < (High / Ref(Low,-10)) then plot the High



----- Original Message -----
From: "j seed" <jseed_10@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, July 24, 2001 1:52 PM
Subject: Re: Kase Indicator

> Just curious, can somone explain the logic behind using
> (Mov(V,N1,S)*Sqrt(N1)) in the formula?
>
> Thanks,
>
> J
>
>
>
> >From: "Glen Wallace" <gcwallace@xxxxxxxx>
> >Reply-To: metastock@xxxxxxxxxxxxx
> >To: <metastock@xxxxxxxxxxxxx>
> >Subject: Re: Kase Indicator
> >Date: Tue, 24 Jul 2001 09:54:56 -0700
> >
> >Here it is in MetaStock Language with a MetaStock chart and
> >TradeStation chart attached for comparison.  Erich, please tell
> >us about the logic and how the indicator is used.
> >
> >N1:= 10;
> >KSDIUP:= If(ATR(N1)>0,
> >      (Ref(H,-N1)/L)/(Mov(V,N1,S)*Sqrt(N1)),
> >      Ref((Ref(H,-N1)/L)/(Mov(V,N1,S)*Sqrt(N1)),-1));
> >KSDIDN:= If(ATR(N1)>0,
> >      (H/Ref(L,-N1))/(Mov(V,N1,S)*Sqrt(N1)),
> >      Ref((H/Ref(L,-N1))/(Mov(V,N1,S)*Sqrt(N1)),-1));
> >Plot:= If(KSDIUP>KSDIDN, LOW,
> >        If(KSDIUP<KSDIDN, HIGH, (HIGH+LOW)/2));
> >Plot;
> >
> >
> >
> >----- Original Message -----
> >From: "Erich Kohlhofer" <KohlhoEG@xxxxxxxxxxxx>
> >To: <metastock@xxxxxxxxxxxxx>
> >Sent: Tuesday, July 24, 2001 1:40 AM
> >Subject: Kase Indicator
> >
> > > Hi, this is the Cynthia Kase indicator written for Omega-Tradestation:
> > >
> > > input: N1(10);
> > >
> > > var:KSDIUP(0),KSDIDN(0);
> > >
> > > if average(@TrueRange, n1) > 0 then
> > > KSDIUP = ((high[N1]/low))/(( average(V, N1) * SquareRoot(n1)))
> > > else KSDIUP = KSDIUP[1];
> > >
> > > if average(@TrueRange, n1) > 0 then
> > > KSDIDN = ((high/low[N1]))/(( average(V, N1) * SquareRoot(n1)))
> > > else KSDIDN = KSDIDN[1];
> > >
> > > if KSDIUP>KSDIDN then plot1(l,"l");
> > > if KSDIUP<KSDIDN then plot2(h,"h");
> > >
> > > if KSDIUP=KSDIDN then plot3((h+l)/2,"m")
> > >
> > > Does anyone have the MS code for this?
> > >
> > > Erich
> ><< KaseIndicator-MS.gif >>
> ><< KaseIndicator-TS.gif >>