I don't know how many of you guys follow Brett Steenbarger's blog. But he has been talking about this adjusted cumulative TICK indicator. I finally took the time to attempt to reproduce that. The graphs looks similar, but still off by a tiny bit.
Here's the code:
def previousdaysaverage = Average(((high("$tick") + low("$tick") + close("$tick")) / 3), 395);
plot data = TotalSum(((high("$tick") + low("$tick") + close("$tick")) / 3)) / 100 - previousdaysaverage;
Got this graph from markettells.com
Thursday, October 23, 2008
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