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4 / 5 (Votes 3)

oscillator, metastock

{Futures Magazine, Vol.29 No.6, June 2000, P.48}

Overbought/oversold indicator described in the June 2000 Futures Magazine called the Psychological Index.

Submitted by kelvinhand about 11 years ago

Submitted by kaiji over 14 years ago

Submitted by kaiji over 13 years ago

Submitted by mayurs over 11 years ago

Submitted by vargasc1 almost 13 years ago

Submitted by kaiji over 14 years ago

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{Futures Magazine, Vol.29 No.6, June 2000, P.48}
LookBack:= Input("Number of lookback periods", 2, 100, 12);
UThreshold:= Input("Upper threshold (%)", 0, 100, 75);
LThreshold:= Input("Lower threshold (%)", 0, 100, 25);
UpDay:= If(CLOSE > Ref(CLOSE,-1), 1, 0);
PsychIndex:= Sum(UpDay,LookBack) / LookBack * 100;
PsychIndex;
UThreshold;
LThreshold

3 comments

1. chuquangkhue

almost 7 years ago

Anyone please help me what is the formula for this index. I want to code it in Amibroker.

If you have already coded it in Amibroker, please help to share.

Br,

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2. vVvendetta

about 5 years ago

//{Futures Magazine, Vol.29 No.6, June 2000, P.48}

function StochTransform(array, period) 
{
   return 100*(array-LLV(array,period))/(HHV(array,period)-LLV(array,period));
}

LookBack= Param("Number of lookback periods", 2, 1, 100);
UThreshold= Param("Upper threshold (%)", 0, 75, 100);
LThreshold= Param("Lower threshold (%)", 0, 25, 100);
UpDay= IIf((H==L),0, IIf(C > Ref(C,-1),1,0));
PsychIndex= Sum(UpDay,LookBack) / LookBack;

Per = ParamOptimize("Periods", 1, 1, 252, 1 );
system = StochTransform(PsychIndex,Per)
Plot(system ,"Psychological Index",colorRed,styleline,Null,Null,0,0,2);

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3. dominhy

over 2 years ago

Error:

Per = ParamOptimize("Periods", 1, 1, 252, 1 );
system = StochTransform(PsychIndex,Per)

==>

Per = Optimize("Periods", 12,1,252,1);
system = StochTransform(PsychIndex,Per);

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Psychological Index for Metastock
chsmcp
almost 14 years ago
Metastock

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Stock Portfolio Organizer

WiseTrader Toolbox

Psychological Index for Metastock chsmcp almost 14 years ago Metastock

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Indicator / Formula

3 comments

Leave Comment

Psychological Index for Metastock
chsmcp
almost 14 years ago
Metastock