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i need help to build this formula
Move Index - Steve Briese introduced this calculation in his book “Commitments of Traders Bible”.
It takes the C.O.T. Index output and finds the Rate of Change or (ROC)
and outputs that result.
When Move Index is selected you will see a second input box call ROC Weeks.
This allows you to enter the number of weeks used in the ROC calculation.
Move Index = C.O.T. Index[Current] - COT Index[ROC Weeks].
thank you
Luigi
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Hi,
This would require knowledge of which version of MetaStock you are using, where you are getting the COT Index data from, and the interval (periodicity) of the chart the indicator is designed to be used in (Daily, Weekly, Monthly, etc.).
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Rank: Advanced Member
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Joined: 9/18/2008(UTC)
Posts: 37
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hi,
i have metastock 10.1
my cot data come from pinnacle data vendor
cot data is daily
formula should work on weekly time frame
thank you very much
Luigi
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Rank: Advanced Member
Groups: Moderators, Registered, Registered Users, Subscribers
Joined: 10/8/2010(UTC)
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Assuming you want to use a percent rate of change, you can change the % to a $ if you want to use a points value. Additionally, you would need to change the folder path and ticker symbol below to match where your data is stored. Basically you just combine the Rate of Change function and Security functions together per the example below:
X:=10;{ROC Periods}
ROC(Security("C:\MetaStock Data\My Data\.COT",C),X,%)
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