FXCodeBase.COM: Forex Chart Indicators and Development

A technical indicator that measures the relative position of the most recent closing price to a selected moving average and reports the value as a percentage. A value greater than zero suggests that the asset is gaining upward momentum, while a value less than zero can be interpreted as a sign that selling pressure is increasing.

Formula
Disparity Index = (Close - MA )/ MA *100



For Averages DI you will need to install averages indicator.
viewtopic.php?f=17&t=2430&p=5705&hilit=averages#p5705

Indicator-based strategy.
https://fxcodebase.com/code/viewtopic.php?f=31&t=72435

Can we please request this version of indicator added for development.

Histogram of Disparity Index

Thanks

Sjc

http://www.mql5.com/en/code/1353

Your request is added to the development list.

For Averages DI you will need to install averages indicator.
viewtopic.php?f=17&t=2430&p=5705&hilit=averages#p5705

Although simple and less sexy than many others, this is very useful.
Could we add the 'Averages' lua to it..that is can we expand the MAs available to include the other more sensative ones.....?

Averages Disparity Index.lua / Averages DI Added.

Hi!

It s possible make this indicator in this way:

Disparity Index = ((Close - MA )/ MA *100)*100

for see a bigger range. I think it's better...

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And its possible make a quantitative version?

X * natural logarithm (Disparity Index1/Disparity IndexN)

Where;
Disparity Index = ((Close - MA )/ MA *100)*100
X= a variable>0 , a positive number
Disparity Index1= the current valor of Disparity Index
Disparity IndexN = Disparity Index of N candelstick ago ( example the previous 5 or 60)
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I think it's a good indicator.

Thanks!!!

Mattia

Disparity Index = ((Close - MA )/ MA *100)*100

DI Modification Quantitative = X * natural logarithm (Disparity Index1/Disparity IndexN)

hi apprendice,

can you create a strategy based on disparity index indicator

buy; DI cross over Top line
sell: DI cross under Bottom line

Thabks for modification!

Mattia