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Adaptive Wilders Smoothing for Metastock
Rating:
3 / 5 (Votes 2)
Tags:
metastock
Just Advanced wilders M.A but effective
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Indicator / Formula
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method:=Input("Method (1=Cycle, 2=Volatility, 3=Combined): ", 1,3,1);
{-----Begin Cycle Method----------}
plot:=Zig(MESASineWave(70),10,%);
top:=plot<Ref(plot,-1) AND Ref(plot,-1)>Ref(plot,-2);
NumberOfPeaks:=Cum(top);
BarsBetweenPeaks:=If(top,Ref(BarsSince(top),-1),0);
TotalBarsBetPeaks:=Cum(BarsBetweenPeaks);
AvgBarsBetweenPeaks:=TotalBarsBetPeaks/NumberOfPeaks;
LookBackMethod1:=Int(Rnd(AvgBarsBetweenPeaks/2));
{-----Begin Normalized Volatility Method----------}
Volatility:=(LinRegSlope((STE(C,20)/C)*100 ,9)/If(STE((STE(C,20)/C)*100,9)=0,.0001,STE((STE(C,20)/C)*100,9))) *100;
divisor:=If(volatility<=0,1-(Abs(volatility)/1000),1+(Abs(volatility)/1000));
{the smaller the divisor(i.e., higher volatility) the shorter the lookback periods}
LookbackMethod2:=20/(1.5*divisor);
Lookbackmethod3:=LookbackMethod1/(1.5*divisor);
{-----Final Calculation and Plot------}
If(method=1,
Wilders(C, LastValue(Rnd(LookbackMethod1)+PREV-PREV)),
If(method=2,
Wilders(C, LastValue(Rnd(LookbackMethod2)+PREV-PREV)),
If(method=3,
Wilders(C, LastValue(Rnd(LookbackMethod3)+PREV-PREV)),0)))2 comments
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its error in 1 line
Nice 1