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Looking for Momentum bar chart Indicator


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    1. looks_one naesm with 7 posts (0 thanks)
    2. looks_two pludloe with 5 posts (0 thanks)
    3. looks_3 lemons with 2 posts (2 thanks)
    4. looks_4 swandro with 1 posts (0 thanks)
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Looking for Momentum bar chart Indicator

  #11 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
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naesm View Post
So I was able to change the moving average but I am not sure why but I don't think the numbers are correct. Here is an image where the momentum is calculated in sheet using the analysis tab and the two indicators don't match.

The only thing I can think of is that the way the simple average calculates the average HLC may be different than the formula I want to use which is the average high low close of each day. Then take the average of the average price for each period.

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  #12 (permalink)
 pludloe 
Greenville, SC
 
Experience: Beginner
Platform: Sierra Chart
Trading: NQ
Posts: 39 since Jul 2015
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naesm View Post
The only thing I can think of is that the way the simple average calculates the average HLC may be different than the formula I want to use which is the average high low close of each day. Then take the average of the average price for each period.

I see what you're saying. I have an idea that will fix it. I'll post a revised version tonight.

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  #13 (permalink)
 pludloe 
Greenville, SC
 
Experience: Beginner
Platform: Sierra Chart
Trading: NQ
Posts: 39 since Jul 2015
Thanks Given: 170
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I think the problem was with the rounding. So, I set the studies and MA to the most sensitive values level. I compared it to my previous posting and I could see some small differences between the two. You can check it out and compare it to what you posted earlier.

I just realized that I forgot to change the bar color, so they're black again.

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Elite Membership required to download: BarMomentum2.StdyCollct
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  #14 (permalink)
naesm
Fort Collins Colorado
 
Posts: 144 since Nov 2016
Thanks Given: 26
Thanks Received: 137


pludloe View Post
I think the problem was with the rounding. So, I set the studies and MA to the most sensitive values level. I compared it to my previous posting and I could see some small differences between the two. You can check it out and compare it to what you posted earlier.

I just realized that I forgot to change the bar color, so they're black again.

Thank you for helping me I really appreciate it. No problem about the black that's easy to change. So I tried to compare the values on extreme values of momentum and the differences are still pretty significant. I have attached a shot.

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  #15 (permalink)
 pludloe 
Greenville, SC
 
Experience: Beginner
Platform: Sierra Chart
Trading: NQ
Posts: 39 since Jul 2015
Thanks Given: 170
Thanks Received: 65


naesm View Post
Thank you for helping me I really appreciate it. No problem about the black that's easy to change. So I tried to compare the values on extreme values of momentum and the differences are still pretty significant. I have attached a shot.

I'm kind of out of ideas.

Hopefully someone else can chime in.

Good luck and I'm sorry if I've wasted your time.

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  #16 (permalink)
 swandro 
England
 
Experience: Advanced
Platform: SierraChart
Posts: 70 since Jul 2009
Thanks Given: 9
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I have not had a chance to look carefully at what you are trying to do but one thing strikes me: studies 2 - 5 are all displayed in region 2 so they are sitting on top of each other. If you hide 2 - 4 then study 5 does not draw anything so I don't know what it is for.

I am not saying anything is incorrect, but I wonder if you need to hide all the studies and then make each one visible to see what it is displaying to make sure you are seeing what you expected.

Please forgive me if this observation is just me missing the point but hopefully it will trigger some new lines of thought for you.

Rob

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Last Updated on December 6, 2016


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