I wouldn't call it math, but it is not nonsense. It is an attempt to formulate my abstract idea of an indicator into symbols. It's the idea that is represents that counts. Nope t is not dependend of i, t is the independent variable. However, I see the mistake: It shoud be "[High(t+i-1)-Close(t+i)] /Close(t+i). Then it is correct I thinkg. I think I started from a concrete example for the t'est (first) candle and wrote that part of the formula without generalising it. I will update the pdf to this as soon as possible . An example to point out what it does then: Say you have 100 candles, f.e. 100 days, and the last one is today. Then, F(1)= the value for the 100th candle, today, F(100) = the value for the first day, first candle and F(64)= the value for the 64th day starting from the last. (So it starts counting from the newest, no idea why I did it like this 3 years ago.) Now let's focus on F(64)=... and n=6 Inside the first summation it will first (for i=1) take the high of day 64 and close of day 65, the day before. For i=2 it will take the high of day 65 and the close of 66 and so on, and it will add this up (after multiplying each part with that factor). The whole sum then is multiplied by 6/21. And this is the value of the indicator for day 64. So, that's the idea it represents. Of course that was a visualisation (made in Photoshop). It's a preview to illustrate what it should look like. Did you even read my first post? Why would I be looking for someone to make it into a working indicator if it was already working...? You could easily see that on so many points, f.e. the dots are not even on the same vertical line... It was a quick sketch. The idea and thinking is finished. There was indeed a mistake in the formula, which made it hard to understand what it is ment to do. That's fixed now. The idea it represents still stands. I am not trying to get others do the thinking for me. I am trying to get someone to make this into a working indicator. Sure he/she would have to think for that, but whats most important is that he/she has to code for that. You are right that you can't predict anything, that is not the point either. The point is to provide an indication, like every indicator, that tells you what is already there, but in different 'words'. It's a WIP from 3 years ago. I explained the intentions and how it should work for the one purpose that if anyone wants to make it, they can. It was never finished, but I share it here so maybe someone can finish it and I can see it work . You can either be open-minded and give it a chance by looking past its faults, or closed-minded and just be negative without thinking about it (or reading the full posts?). If you don't like it, that is your free choice. And thank you for pointing out the fault in the formula. Other helpful feedback is always welcome, but let the people who would like to give it a try do their thing. If you truly believe that it is impossible to make a working indicator out of this, ok. But we will at least try and try again until we are certain of that. And if the indicator works but is not helpful, well so be it, it was worth the try in my eyes. If anyone is wasting his time, I think it's you. Me and the person who will code it will learn by doing/trying. It is his/her choice, I prefer trying new things in my life in stead of doing nothing, even if those things do not seem to work in the end. Others can follow the process and think about it, get new insights themselves etc... By working together on something, you always learn stuff . I simply posted here something I had, I never stated it was going to be a perfectly predicting indicator
I updated the .pdf with the correct formula. Thanks to Mysteron for pointing out it was incorrect. If you want you may check again, if it is correct now.
You are obvously a lazy so and so. Just plot the indicators yourself using excel or whatever plotting tool you have. You could do it using EOD data from yahoo and show us all how your indicators perform (or not), alternatively using 5min data extracted from whatever charting tool you use. Its very easy, so do it and show us the results. You may learn something by the exercise. I already know how useful your indicator is without having to code or plot it. Its blindingly obvious.
Yes, I have considered that multiple times and that was also the plan 2 years ago. However, I see myself 'out of the game' now. I would like to test if it provides any value in a valid, working strategy for a certain market. I do not have that, since I'm not trading for a long time now. But I am interested and it is already a bullet on my To-do list. So I will definitly try that when I find the time. I will certainly post results here. But still, everything remains the same, if someone would like to code it in the meantime, they may... I think a lot of indicators seem worthless at first sight, but still provide some value to some using it. Everybody uses it in his own way . I do believe that it is very likely that this indicator will not be of any use, but I do not know that for certain.