fxcodebase-backup
Total Power Indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=17980
Forum: 38 · Topic 17980 · 2 post(s)
Total Power Indicator
Alexander.Gettinger · Tue May 08, 2012 5:02 pm
Original indicator: viewtopic.php?f=17&t=6307&p=31219
Total Power Indicator or Improving Elder Ray Indicator
Power = Abs (BearCount - BullCount)100 / Lookback Period; BearPower = BearCount100/ Lookback Period; BullPower = BullCount*100/Lookback Period ;
The components of this indicator we get, if we count the Elder Ray Indicator components Within the Lookback Period.
But only if Elder Ray Bull is greater than 0, and Elder Ray Bear is less than 0
Download:
Re: Total Power Indicator
Apprentice · Fri Jan 20, 2017 5:38 am
Indicator was revised and updated.