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Kaufman efficiency ratio indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=64724
Forum: 48 · Topic 64724 · 1 post(s)
Kaufman efficiency ratio indicator
Alexander.Gettinger · Fri Jun 02, 2017 2:08 pm
The indicator is written according to Perry Kaufman books “Smarter Trading” and “Trading Systems & Methods”.
Formula: Ratio[i]=Abs(close[i]-close[i-Period])/Volatility(i), where Volatility[i]=(DiffPrice[i]+DiffPrice[i-1]+…+DiffPrice[i-Period])/Period, DiffPrice[i]=Abs(close[i]-close[i-1]).
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