My attitude is: Never risk your family's security.
Marty Schwartz

software zone

indicators, oscillators, formulas (1287)

systems (285)

contact us

our community

Special offer: buy MetaStock (try for free) | Reuters QuoteCenter Real-Time Data (get a free month) | EOD Data

Formula Library

	AmiBroker
	MetaTrader
	MetaStock
	TradeStation
	Wealth-Lab
	NinjaTrader

add your formula

System Library

	AmiBroker
	MetaStock
	MetaTrader
	TradeStation
	Wealth-Lab
	NinjaTrader

add your system

Account login

New to s4t? Sign up.
If you forgot your password click here.

Search the Web

Custom Search

Dunn's Density Indicator II

Formula for: TradeStation

Views: 1358

Added: May 17, 2007

Rate this code:

This formula has not been rated yet

email this link

Tags: TradeStation, indicator

Re : ELA CODE - > Dunn's Density Indicator

· To: Omega-list <Omega-list@xxxxxxxxxx>
· Subject: Re : ELA CODE - > DUNN'S DENSITY INDICATOR
· From: Orphelin@xxxxxxx
· Date: Sun, 4 Oct 1998 18:55:40 EDT
· Resent-Date: Sun, 4 Oct 1998 16:18:23 -0700 (PDT)
· Resent-From: omega-list@xxxxxxxxxx
· Resent-Message-ID: <"38m651.0.BE3._806s"@mx2>
· Resent-Sender: omega-list-request@xxxxxxxxxx

Dans un courrier daté du 04/10/98 22:40:52 , vous avez écrit :

<< DUNN'S DENSITY OF CLOSES

What Does It Do

It looks at the last 10 days of closes and check one days close against the previous days close and then is +1 or -1. The indicator can swing from -10 to 10. My hope is that an increasing number of closes in a certain direction maybe a lead indicator for a new trend when combined with moving averages etc. >>

Here is a modified and more general version of your code, allowing to use it with any lookback period, and not only on close.

You can divide the result by 0.5*len to normalize it.

As a hint, it always better to use for lops to perform repetitive calculation and allow as input anything that could be changed later.

Sincerely,
Pierre Orphelin

Code:

Type : Indicator, Name : Dunn's Density Indicator II

{ DUNN'S DENSITY INDICATOR, EL code by Pierre Orphelin
www.sirtrade.com }

inputs: price(c), len(10);

vars: k(0),diff(0),tmp(0),tmp2(0);
diff=price-price[1];
tmp2=0;
for k=0 to len-1 begin
tmp=0;
if diff[k]<>0 then tmp=iff(diff[k]>0,1,-1);
tmp2=tmp2+tmp;
end;

plot1(tmp2,"densityC");
plot2(0, "mid");

Code to difficult? Find somebody to help you with coding here.

Source: http://www.purebytes.com

View similar (indicator for TradeStation):

eVwma

Kase Peak Oscillator

TFS Indicators

eKam CCI

Dunn's Channelanalyzer

Alligator Indicators

Stochastic S&C Indicator

DBS-Day

Dunn's Noisetest

SMI Oscillator
...

all formulas for TradeStation

all formulas

Email to friend

Top

However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators
and systems are submitted by anonymous users.
Therefore S4T™ does not take any responsibility for it's quality.
If you use any of this information, use it at your own risk. You are responsible for your own trading decisions.
Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade.
In no case will S4T™ be responsible for your trading gains or losses.

Secure payments by PayPal

S4T™ is a part of TAURO EDUCATION NETWORK