Thanks for your reply. I'll have a look at your indicator.
I have developed an indicator that I call VPRS - Volume Position Range Signal.
This new simple indicator that is aimed at finding stocks that show changes in bar patterns that may give an early signal of a likely surge in price...
Thanks for the feedback.
There is no problem with the speed nor the complexity.
Having a simple addition of the three components makes it easy to see why the indicator score has changed when you look at the detailed chart.
Cheers,
I have been developing an integrated indicator based on VSA concepts.
The indicator combines three parameters
Position of the close on the bar as a percentage of the range
Rate of change of volume (%)
Rate of change the range (high-low)(%)
The parameters are scale and added, thus far...
Have you noticed that most of the technical indicators are very old, most being developed more than 20 years ago, and many 50 years ago, well before the age of computers.
There are two issues here: 1. computers provide a fundamental shift in the way indicators can be developed. 2. Computers...
I have been using a system which uses MACD crossovers + price/volume changes to search for stock. I then use a chart that includes MACD + histogram and Twiggs Money Flow + ROC to choose when to buy and sell. [Twiggs is a modified Chaikin Money Flow]. The signals are a simultaneous rise in Twiggs...