Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
As you mentioned all infos concerning DI are replicating the same words, nevertheless I found this one on the Encyclopedia of Technical Analisys of the financial markets. I don't know if it can help I just extracted the interested pages.
Thanks @redratsal. Not much on those four pages, but if I include the other codes I picked up, maybe I can make this into something. Something about mixing price and volume together into an indicator rattles in the back of my brain as good. If nothing else, I sent time learning things and learning is NEVER a waste of time. I included all the code snipets I could find below. I am not sure about some of them, but having the base idea from this article by Aspry should help. I did track this back to a book by Perry Kaufman, New Trading Systems and Methods, page 503. Now I need to buy the book...looks like a nice thing to have on the shelf. The mail is slow out here and I don't have a Kindle **[sigh]**.
Anyway, I will post my code when I get the bugs worked out. Right now, all I get is a green line running across the bottom of the panel!
On a side note, some guy even tried to get ahold of Sibbet and call all the numbers they could find. That is pretty cool. I wonder if some will call me 20 years from now for piece of code I wrote here on futures.io (formerly BMT)! HA HA HA HA HAHAHAHAHAHAHAHAHAHAHA I just kill myself sometimes!
Gordo
An implementation of James Sibbet's 'Demand Index'. Original sources on this formula seem hard to come by, this is based on thinkorswim's implementation.
Version 1.0
All I have @Javed1972 was what I posted in Word Document above (Post #22). There is not much literature out there on this subject, and certainly not much advice on how to use it. Sorry I couldn't be much more help.
Please remove old version before installing this one.
Current version is V7
This indicator tries to detect price/indicator divergence.
Any indicator in Ninja can be used and detection is possible on historical and real time charts.
To set the …
After all, it's what you learn AFTER you know it all, that counts!
trying to use this indicator but the code is on the very bottom and hard to see, anyone that can clean it up and make it look like the picture shown? much appreciated