Support Board
Date/Time: Tue, 26 Nov 2024 09:47:43 +0000
[User Discussion] - Looking for an indicator based on Kinetic Energy
View Count: 2335
| [2014-04-25 04:25:07] |
| djcurcio - Posts: 236 |
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Somethig like this http://www.mql5.com/en/market/product/2610#full_description Ideas? |
| [2014-04-26 00:02:22] |
| crazybears - Posts: 314 |
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Hi do you have the formula ? |
| [2014-04-26 01:31:08] |
| djcurcio - Posts: 236 |
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no
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| [2014-04-27 13:23:22] |
| User31737 - Posts: 73 |
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isn't this the formula? Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity. Energy direction (positive or negative) is defined by ROC direction. where m=tick volume,and v=ROC |
| [2014-04-27 16:54:01] |
| vegasfoster - Posts: 444 |
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There has to be more to it, I can look at that formula and tell you it will not produce a meaningful plot, there will be ridiculous spikes that will mess up the scale of everything else.
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| [2014-04-27 17:35:39] |
| User31737 - Posts: 73 |
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@vegasfoster you are correct a search found a chart with this idea plotted on it - spikey mess
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| [2014-04-27 20:56:29] |
| djcurcio - Posts: 236 |
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yes that one
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| [2014-04-27 21:08:44] |
| crazybears - Posts: 314 |
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i think using ROC to measure Velocity is wrong needs something to calculate speed from a given point , swing H/L to actual price i made something similar using zigzag to calculate time difference in seconds . i have to think more about it . take a look here : http://www.elitetrader.com/vb/showthread.php?t=121115&page=20 Date Time Of Last Edit: 2014-04-27 21:09:25
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