doughboy

Demand Index

demand index
Notes de version: fixed va
Notes de version: small details
Notes de version: if this is useful to you,
donate: 1MprT7YEEWaM6bUcpD7eeHM3Ht8n3R5jP1
:)
Notes de version: changed sma to avg
added option to switch between sma and avg (default is avg)
added zero line
Supprimer des scripts favoris Ajouter aux scripts favoris
thanks doughboy.
Répondre
Nicely done.
Répondre
@doughboy, I am pretty sure the demand index does not use the simple moving average over 10 periods in its calculation (line 25) I, as far as I can tell, believe line 25 should be
va := avg(highest(high,2)-lowest(low,2),10)
a different form of averaging very similar to a fast Tenkan-sen from Ichimoku, anyway, I though you should know. Otherwise I think this is correct in format. Good job making this indicator
Warm regards,
Shiroki
Répondre
platon ShirokiHeishi
@ShirokiHeishi,
Thanks for your contribution. This formula make it less erratic.
Répondre
doughboy ShirokiHeishi
ahh yes i think you are right, in reality i think i meant for line 25 to be
va := avg(va, 10)
which would give the same result as what you suggest. thanks
although, comparing the different results i think both could be useful, so i will update with a bool input to choose either sma or avg
Répondre
I was wondering if this is the James Sibbet Demand index? and if it is, then thank you very much for adding this indicator to the library.
Répondre
doughboy ShirokiHeishi
@ShirokiHeishi, i got the formula for this indicator from the book John J. Murphy - Technical Analysis Of The Financial Markets
Répondre
Is it possible to smooth the indicator with a 3 period ema ?
It is not about to overlay a mov avg on the indicator.
Répondre
doughboy platon
@platon, by default it smooths with a 10 period ema, you can change that value to whatever you want in the settings
Répondre
Accueil Filtre d'actions Filtre Forex Filtre Crypto Calendrier économique Comment ça marche Caractéristiques du graphique Prix Règles de conduite Modérateurs Solutions site web & courtier Widgets Solutions de cartographie Obtenir de l'aide Demande de fonctionnalité Blog & News Questions Fréquentes Wiki Twitter
Profil Paramètres du Profil Compte et Facturation Obtenir de l'aide Idées Publiées Suiveurs Suivi Messages privés dialogue en ligne Se Déconnecter