Identify Turning Points

• 07/26/2019 at 12:13 PM #103546
  jonah88

  Hi,

   

  My friend showed me a formula he was given, and we plotted a chart. See attached. It looks like a better turning points signal than RSI etc. Check out the Excel file. If somebody can assist to code in Pro Real Time will be appreciated. I think we can share this advanced turning point technique together.

  Jonah

   

   

  1) NET CHG = (Close[1] – Close[0])*100

  2) if NET CHG > 0, NET CHG[-1]*13/14+NET CHG

  3) Else NET CHG[-1]*13/14

  4) TOTAL STRGNTH = TOTAL STRGNTH -1*13/14+ABS(NET CHG)

  5) Jonah Intensity = Trunc (Jonah Intensity – 1*13/14+ABS(50-2*((POS STRNGTH/IF(TOTAL STRNGTH=0,1, ELSE TOTAL STRNGTH)))*50+0.25))/7+0.5)

  6) Jonah = Trunc (Jonah Intensity*13/14+ABS(50-2*(If(0-Close[1])>0, POS STRGNTH*13/14+(0-Close[1]…..

  Objective is to chart Jonah Intensity1

  

  jonah88

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  07/26/2019 at 1:05 PM #103551
  Nicolas

  Are you sure you gave all the formula? What is “POS STRNGTH” please?

  

  Nicolas

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  07/26/2019 at 2:31 PM #103561
  jonah88

  Hi Nicolas,

  Honestly, I am not sure of how the formulas have been derived. It’s probably done by some genius . My friend happened to get a copy of the Excel, and I thought it’s pretty interesting in identifying the turning points.

   

  

  jonah88

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