[RT] GEN - Tick Line Momentum

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

Got to fooling around with weighted, exponential, and triangular averages
today wondering what they looked like in comparison.  Then a little bird
suggested the Tick Line Momentum code be changed to triangular averages
rather than exponential.  Then one thing led to another and rather than use
the TICK in the code the price of data1 was used, and well, it looks kind of
interesting, and like other art maybe it has meaning and maybe not.
Applying the below code to the H, then the C, and the L makes an intriguing
trend and momentum picture to these tired eyes.  Can any conclusions be
drawn about the current alignment of the indicators on the right side of the
chart?  The next few days will tell all.

enjoy,
bobr


Inputs: Price1(C of data1), Len1(10),Len2(5),OB(2),OS(-2),K(0.333);
Vars: XMA(0), Rating(0),OnBalTick(1),TLM(0),TLMA(0),TLMO(0);


XMA = Round(TriAverage(Price1,Len1),0);  {expontial average of TICK rounded
to integer}

Rating = IFF(Price1>XMA[1],1,(IFF(Price1<XMA[1],-1,0))); {1 if C>xma, -1 if
C<XMA, O if C=XMA}

OnBalTick = cum(rating){onbaltick[1]+rating};        {running total of the
rating classification}

TLM = OnBalTick - OnBalTick[Len2]; {momentum for period Len2, 5 day default}

TLMA = Average(TLM,Len2);       {simple average of the momentum}
TLMO = TriAverage(TLM,Len2);
{TLMO = K*(TLM-TLMA[1]) +TLMA[1];}   {exponential average of momentum}

Plot1(onbaltick,"onbaltick");
{plot1(TLMA,"TLMA");}
Plot2(TLMO,"TLMO");
Plot3(OB,"OB");
Plot4(OS,"OS");

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