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NMP Expansion

Article/Author: "Mutated Variables, Volatility AND A New Market Paradigm", Walter T. Downs, Ph.D., S&C Magazine, Traders Tips, 06/1998

Download: Nmp.ela

File Includes:
PaintBar - NMO Expansion
Function - NewMarketParadigm
Indicator - NewMarketParadigm C
Indicator - NewMarketParadigm E
PaintBar - NMP Contraction
Strategy - NMP System
Strategy - NMP System--original

Category: PaintBar

Description:

Inputs:
Price
Length
StdDevUp
StdDevDn

EasyLanguage Code:
INPUTS: PRICE(CLOSE), LENGTH(28), STDDEVUP(2), STDDEVDN(-2);


IF NEWMARKETPARADIGM(PRICE, LENGTH, STDDEVUP, STDDEVDN) = 2 THEN BEGIN
PLOT1(HIGH, "NMP EXP");
PLOT2(LOW, "NMP EXP");
END;

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