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Miscellaneous > MOVETRACKER

Article/Author: Omega Research Inc., 1996

Download: MOVETRACKER.ELA

File Includes: Indicator - MOVETRACKER

Category: Indicator > Miscellaneous

Description:

The Movetracker indicator is meant to track the difference between the current and the last bar close price. It is implemented as an oscillator showing price changes relative to the zeroline.

Usage:

The larger the oscillations of the indicator, the more volatile is the market. Based on the volatility information we can plan our trading with more precision.




EasyLanguage Code:
VALUE1 = (C - C[1]);


VALUE2 = (+VALUE1) - (+VALUE1[1]);

PLOT1(0,"ZERO");
PLOT2(VALUE2,"PDIFF");
PLOT3(VALUE2,"PDPOINTS");