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A measurement of how far each technical indicator is above a certain threshold?


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 zwentz 
Austin, TX
 
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I'd like to take a measurement of how far a certain set of indicators are above or below a specified threshold (different for each one) and abstract that to a measure of intensity (positive or negative). Does anyone know what this would be called? I can't start googling how to do it, until I know what it is I'm trying to do.


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 cory 
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google MACD, if you can do MACD of a indicator then you could see its strength/weakness by looking at MACD's histogram.


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 RJay 
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zwentz View Post
I'd like to take a measurement of how far a certain set of indicators are above or below a specified threshold (different for each one) and abstract that to a measure of intensity (positive or negative). Does anyone know what this would be called? I can't start googling how to do it, until I know what it is I'm trying to do.

zwentz,

Call the outputs of each indicator you want to use into a new indicator. Specify your threshold.

Plot the difference for each indicator with its own plot line with respect to the threshold.

RJay


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Last Updated on September 25, 2009


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