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[EquisMetaStock Group] Re: Formula Help



PureBytes Links

Trading Reference Links

Peter,

Here's another you may find useful from Patrick on the Equis Forum 
site:
The Trading Channel Index comes from an early version of AIQ's Stock 
Expert program. "The Trading Channel Index measures the location of 
average daily price relative to a smoothed average of average daily 
price. It is derived from the average difference between these two 
values." 

To create the Trading Channel Index in MetaStock create the following 
custom formulae: 

AP+: Average price 
( H + L + C ) / 3 

ESA+: Smoothed price average 
Mov( Fml( "AP+" ) ,10 ,E ) + ( Mov( Ref( Fml( "AP+" ) ,-
1 ) ,10 ,E ) ) 

D+: Price range estimate 
Mov( ( Fml( "AP+" ) - Fml( "ESA+" ) ) ,10 ,E ) + ( Mov( Ref( Fml
( "AP+" ) - Fml( "ESA+" ) ,-1 ) ,10 ,E ) ) 

CI+: Channel index 
( ( Fml( "AP+" ) - Fml( "ESA+" ) ) / ( 0.015 * Fml( "D+" ) ) ) 

TRADING CHANEL INDEX: 
Mov( Fml( "CI+" ) ,21 ,E ) + ( Mov( Ref( Fml( "CI+" ) ,-
1 ) ,21 ,E ) ) 



Preston



--- In equismetastock@xxxxxxxxxxxxxxx, "perome2000" <tt30@xxx> wrote:
>
> Hello,
> 
> Can anyone help with the following please
> 
> 1, Calculation of average daily range, 15 day average.
> 
> 2, Todays range as percentage of Average daily range.
> 
> 3,Today's closing price divided by today's range. 
> 
> 4, How do you get shot of the decimal places in the exploration 
reports?
> 
> Some list, can anyone help?
> 
> Peter.
>



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