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RT's,
Bob Folks often reminded us to try and find out what is really happening
with an indicator, tear it apart and find out what is really at work. I have
tried to do this. If you replace the price related values in the indicator
with 1, it returns 1, so the volume part cancels itself out. If you replace
the volume part with price you get a plot like the one in the attached .gif.
Does this indicator simply add a smoothed cumulation value to price? Code
for the plot in the .gif is below.
Prosper
Input: YYYMMDD(1000801);
vars: mp(0);
value1=0;
value2=0;
if date >= YYYMMDD then begin
mp= (High + Low)/2;
value1 = value1[1] + (mp*c{v});
value2 = value2[1] + c{v};
value3 = value1/value2;
Plot1(value3,"_Midas S/R");
end;
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Attachment:
Description: "Midas.gif"
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