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Direct MessagesDate/Time: Wed, 15 May 2024 12:53:43 +0000
Post From: ZigZag Volume / Length in Ticks missing fabs
| [2020-05-01 02:28:18] |
| User745789 - Posts: 173 |
|
I appreciate the post edits for clarity, thank you. It will take me all Saturday to work out how to make a custom study to preserve the mathematical integrity of the quotient. I know you understand my logic. But I still hold, that mathematically, if a term in a division is naturally negative, be that accumulated volume (V) or length in ticks (L), then the quotient has to be negative. This is what the brain expects. Also, by maintaining the natural market sign of the accumulated bid ask volume difference (aka "delta"), the user is instantly visually alerted to all instances where "delta" has diverged from price movement. Example, from attached image: V = Positive "delta" on a down move +126 (an anomaly) L = Negative length in ticks -7 V/L = 126/-7 = -18 This works consistently for both up moves and down moves alike: anytime there is a negative value for V/L, the user knows that the "delta" was divergent from price. It is a key feature of the quotient as currently calculated. Negative V/L is a consistent alert of delta anomaly, regardless of price direction move. And this can only happen if Accumulated Bid-Ask Difference is allowed to maintain its natural market sign in the division. :) |
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