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Average Sentiment Oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=65518
Forum: 48 · Topic 65518 · 1 post(s)
Average Sentiment Oscillator
Alexander.Gettinger · Sat Jan 06, 2018 12:09 pm
Formulas: Bulls = MA(Bu) with [Smoothing_Length] number of periods and [MA_Method] type, Bears = MA(Be) with [Smoothing_Length] number of periods and [MA_Method] type, where For Combined Mode: Bu = (IBu+GBu)/2, Be = (IBe+GBe)/2, For Intra-bar Mode: Bu = IBu, Be = IBe, For Group Algorithm Mode: Bu = GBu, Be = GBe. For All Modes: IBu = 50(Close-Low+High-Open)/(High-Low), IBe = 50(High-Close+Open-Low)/(High-Low), GBu = 50(Close-GL+GH-GO)/(GH-GL), GBe = 50(GH-Close+GO-GL)/(GH-GL), GO[i] = Open[i-Range_Length], GL[i] - minimum value of High price at range from (i-Range_Length+1) to (i), GH[i] - maximum value of Low price at range from (i-Range_Length+1) to (i).
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