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Hello,
I managed using the formula wizard to write a efs for the following indicator:
Repulse=2*EMA5(close-low)+2*EMA5(close-high)+(close-open)
which computes 2* 5-exponential moving average of bullish pressure (close-low) + 2* 5-exponential moving average of bearish pressure (close-high)+ actual (close-open).
Now, I try to define the same indicator but on a higher scale: now I don't consider individual candlesticks but groups of 5 consecutive candlesticks.
Therefore:
actual close= close(T)
actual open= open(T-4)
and for the moving averages I have to consider lows, highs and closes on intervals (T-4,T), (T-9,T-5),(T-14,T-10),(T-19,T-15) and (T-24,T-20).
Has someone already programmed such efs and would be kind enough to help me?
Thanks in advance
I managed using the formula wizard to write a efs for the following indicator:
Repulse=2*EMA5(close-low)+2*EMA5(close-high)+(close-open)
which computes 2* 5-exponential moving average of bullish pressure (close-low) + 2* 5-exponential moving average of bearish pressure (close-high)+ actual (close-open).
Now, I try to define the same indicator but on a higher scale: now I don't consider individual candlesticks but groups of 5 consecutive candlesticks.
Therefore:
actual close= close(T)
actual open= open(T-4)
and for the moving averages I have to consider lows, highs and closes on intervals (T-4,T), (T-9,T-5),(T-14,T-10),(T-19,T-15) and (T-24,T-20).
Has someone already programmed such efs and would be kind enough to help me?
Thanks in advance