- Katılım
- 23 Eki 2020
- Mesajlar
- 1,797
I was reading in Perry Kaufman's latest book and he described a littleoscillator he called "Body Momentum". This simply calculates the momentumof the closes above the opens versus the closes below the opens. I also added a 3 day moving average to the calculation (for smoothing).The theoryis that as prices move up, closing prices will be higher than opening pricesand vice-versa for down. If this oscillator is above 70 then the whites (Candle-sticks) dominate and below 30 the blacks are dominant. Here is the code: |
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BODY Momentum Lb:=Input("Look-Back Period?",3,60,14); B:=CLOSE - OPEN; Bup:= Sum(B > 0, Lb); Bdn:= Sum(B < 0, Lb); BM:=(Bup/(Bup+Bdn))*100; Mov(Bm,3,S) |
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