Download: FUNCTION-NEWTRIX.ELA
File Includes: Function - newTRIX
Category: Function > newTRIX
Description:
Inputs:
Price -
Length -
EasyLanguage Code:
INPUTS: PRICE(NUMERICSERIES), LENGTH(NUMERICSIMPLE);
VARS: LOGP(0), ALPHA(0), SM1(0), SM2(0), SM3(0);
LOGP = LOG(PRICE);
IF CURRENTBAR = 1 THEN BEGIN
SM1 = LOGP;
SM2 = LOGP;
SM3 = LOGP;
ALPHA = 2 / (LENGTH + 1);
END ELSE BEGIN
SM1 = (LOGP - SM1) * ALPHA + SM1;
SM2 = (SM1 - SM2) * ALPHA + SM2;
SM3 = (SM2 - SM3) * ALPHA + SM3;
NEWTRIX = (SM3 - SM3[1]) * 100;
END;