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Direct MessagesDate/Time: Sat, 18 May 2024 17:30:29 +0000
Post From: TPO profiles - better access to statistical data
| [2019-03-18 07:52:58] |
| User365411 - Posts: 178 |
|
Thank you SC support, very appreciated. It' s not my intention to slowdown the process but, please, consider to add following basic MP calculation to TPO statistics, already requested by users in the past: Rotation Factor Each letter is given a +1 if it's high is above high of previous letter, and a -1 if it's high is below high of previous letter. In addition, a +1 or -1 is added based on whether the low was above or below the previous low. Each letters RF (anywhere from -2 to +2) is summed to provide the RF of the profile. The higher the end-of-day RF, the more upward rotations were present (the more "one-timeframing" up). The lower the number (it CAN be negative) - the more downward rotations were present (more "one-timeframing" down). Trade Facilitation Factor Number of total TPO's divided by the range of price for the profile. The higher the value, the less trend was present. Normal days have a high TFF value. The TFF is the average number of TPO's per price traded. The number will be higher in quiescent markets where the range is small. The minimum TFF for a market not facilitating trade is one. That is, in a strongly moving market there will be only one TPO per price. Conversely, a market not facilitating trade, e.g. one that is locked at the limit with only one price quoted that day, has a TFF of the number of half-hour periods. Basically, its TFF =Total TPO's (cumulative tpo's) /the range of price or TFF = Total number of TPOs / Total number of price ticks. Volatility Average range of the letters within a given profile |