logo
Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Options
Go to last post Go to first unread
kthakker0  
#1 Posted : Friday, July 1, 2011 11:13:47 AM(UTC)
kthakker0

Rank: Member

Groups: Registered, Registered Users, Unverified Users
Joined: 5/8/2010(UTC)
Posts: 28
Location: Mumbai (India)

Thanks: 1 times
I have the following formula and I want to code the same to make it a Gann Indicator. This particular code works best with 3 digit price Can any one help me to build a new indicator? The formula is as follows Since it works best with 3 digit price so, If the close price is less then 100 multiply it by 10 and if the close price is less then 10 * it by 100 Step 1 Take the square root of close price Step 2 Take the square root of 9 DMA of close price Step 3 Subtract the result of Step 1 from the result of Step 2. The result will be the difference between the closing price and the MA calculated as the difference between their respective square root Step 4 Multiple the value of Step 3 by 360 and then divide the result by 2 Step 5 Calculate a 2 period MA of the value of Step 4. This is done to smooth the result. When the indicator is plotted we will draw horizontal lines of +,- 45, +, - 90 degree and +,- 180 degree. +90 degree indicates over extension of over bought and -90 degree indicates over extension of over sold condition of the price, when over extension occurs watch for pivot reversal from here the reversal is eminent. Does / Can any one help to code it as a new indicator I hope this new indicator will help many traders who wants to use Gann techniques but cannot use it due to its complex understanding Hoping an early and workable reply
kennethlimcp  
#2 Posted : Saturday, July 30, 2011 6:52:05 AM(UTC)
kennethlimcp

Rank: Newbie

Groups: Registered, Registered Users
Joined: 7/30/2011(UTC)
Posts: 3
Location: Singapore

I can attempt to do the coding if you can provide me with more details. PM me or something.
Users browsing this topic
Guest (Hidden)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.