|
PureBytes Links
Trading Reference Links
|
format TXAverage(Price,r,s,u)}
{triple exp avg by blau}
Inputs:Price(NumericSeries),r(NumericSimple),
s(NumericSimple),u(NumericSimple);
TXAverage=XAverage(Xaverage(XAverage(Price,r),s),u);
It's a triple exponential average.
But the bravest are surely those who have the greatest vision
of what is before them, glory and danger alike.
And yet notwithstanding go about and meet it.
"Thucydides" 404 BC.
----- Original Message -----
From: "Michael Harris" <hicap92fs@xxxxxxxxx>
To: "tv" <tonyvare@xxxxxxxx>; "Omega List" <omega-list@xxxxxxxxxx>
Sent: Wednesday, December 12, 2001 10:12 AM
Subject: Re: True Strength Index - September Active Trader Magazine
>
> tv,
>
> Sorry to take more of your time, but is this EL code? TXAverage is not
> recognized and what is the input "u"?
>
> Thanks.
> Mike
>
> tv wrote:
>
> > {format TSI(Price,r,s,u)}
> > {true strength index by blau}
> >
> > Inputs:Price(NumericSeries),r(NumericSimple),
> > s(NumericSimple),u(NumericSimple);
> >
> > Value1=100 * TXAverage(Price - Price[1],r,s,u);
> > Value2=TXAverage(AbsValue(Price - Price[1]),r,s,u);
> >
> > IF Value2 <> 0 then
> > TSI=Value1/Value2
> > Else
> > TSI=0;
> >
> > But the bravest are surely those who have the greatest vision
> > of what is before them, glory and danger alike.
> > And yet notwithstanding go about and meet it.
> > "Thucydides" 404 BC.
> > ----- Original Message -----
> > From: "Michael Harris" <hicap92fs@xxxxxxxxx>
> > To: "Omega List" <omega-list@xxxxxxxxxx>
> > Sent: Wednesday, December 12, 2001 8:58 AM
> > Subject: True Strength Index - September Active Trader Magazine
> >
> > > Does anyone have TS2K code for the True Strength Index, as described
in
> > > the September issue of Active Trader Magazine?
> > >
> > > The code as presented in the article is:
> > >
> > > TSI(close,r,s) = 100*EMA(EMA(mtm,r),s)/EMA(EMA(|mtm|,r),s)
> > >
> > > where mtm = closetoday - closeyesterday
> > >
> > > EMA(mtm,r) = exponential moving average of mtm with period length = r
> > >
> > > EMA(EMA(mtm,r),s) = exponential moving average of EMA(mtm,r)
> > > with period length = s
> > >
> > > |mtm| = absolute value of mtm
> > >
> > > r = 25, s = 13
> > >
> > > Thanks in advance.
> > > Mike
> > >
> > >
> > >
>
|