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Miscellaneous > Kase Indicator

Article/Author: Origin: Omega-list. Coded by: Mark Brown. Original idea: Cynthia Kase 1997

Download: KaseInd.ela

File Includes:

Indicator - Kase Indicator
Function - TrueRange

Category: Indicator > Miscellaneous

Description:

This is an useful indicator based on ideas of Cynthia Kase. It uses true range in its calculation.

Usage:

Set the number of bars to track and indicator will plot required information.




Inputs:

N1 - numbers of bars to calculate

EasyLanguage Code:
INPUT: N1(10);


VAR:KSDIUP(0),KSDIDN(0);

IF AVERAGE(@TRUERANGE, N1) > 0 THEN
KSDIUP = ((HIGH[N1]/LOW))/(( AVERAGE(V, N1) * SQUAREROOT(N1)))
ELSE KSDIUP = KSDIUP[1];

IF AVERAGE(@TRUERANGE, N1) > 0 THEN
KSDIDN = ((HIGH/LOW[N1]))/(( AVERAGE(V, N1) * SQUAREROOT(N1)))
ELSE KSDIDN = KSDIDN[1];

IF KSDIUP>KSDIDN THEN PLOT1(L,"L");
IF KSDIUPTHEN PLOT2(H,"H");

IF KSDIUP=KSDIDN THEN PLOT3((H+L)/2,"M");