Re: Total Power Indicator
Posted: Tue Sep 24, 2013 5:00 am
Great work! And I appologise for the long post.
Question: what is the EMA used in the LUA for these calcs for? It makes the Bull/Bear/Power dependent on each other rather than independent of each other.
I would like to adjust Power Period line without causing subsequent changes in values for the Bull/Bear Power lines.
Apparently the EMA impacts a) when Bull/Bear Power lines actually cross based on some averaging (which may be ok) and b) it is influenced by changing the Power Period. This causes the following issue.
When I change Power Period, both the TIME at which, and the VALUE at which the Bull/Bear crosses, is impacted which means all BULL/BEAR Power values are impacted when I change the Power Period?
I understood these calcs/values to be independent.
That is, the Power Period setting would have no impact on the values of BULL/BEAR Power lines.
Shouldn't the Bull/Bear/Power calcs be independent of each other?
Check my example (please) and see if I am mistaken. Try this: Note where a BULL/BEAR cross occurs (both the time and the indicator value and price) using standard TPI settings.
Then make a significant change to the Power Period (double it) and change nothing else.
In my version, both the time and the indicator value (and this the actual instrument price) of the Bull/Bear power cross changes simply when I change the Power Period.
I appologise in advance, if this is expected. But the formulas for the respective lines given above are independent of each other.
Lookback is lookback. 100 is 100. Bear/Bull Counts are Bear/Bull counts. Power Period is Power Period.
I would like to adjust Power Period line without causing subsequent changes in values for the Bull/Bear Power lines. I think this makes more sense. Or am I mistaken?
Humbly,
Patrick
Question: what is the EMA used in the LUA for these calcs for? It makes the Bull/Bear/Power dependent on each other rather than independent of each other.
I would like to adjust Power Period line without causing subsequent changes in values for the Bull/Bear Power lines.
Apparently the EMA impacts a) when Bull/Bear Power lines actually cross based on some averaging (which may be ok) and b) it is influenced by changing the Power Period. This causes the following issue.
When I change Power Period, both the TIME at which, and the VALUE at which the Bull/Bear crosses, is impacted which means all BULL/BEAR Power values are impacted when I change the Power Period?
I understood these calcs/values to be independent.
That is, the Power Period setting would have no impact on the values of BULL/BEAR Power lines.
Shouldn't the Bull/Bear/Power calcs be independent of each other?
Check my example (please) and see if I am mistaken. Try this: Note where a BULL/BEAR cross occurs (both the time and the indicator value and price) using standard TPI settings.
Then make a significant change to the Power Period (double it) and change nothing else.
In my version, both the time and the indicator value (and this the actual instrument price) of the Bull/Bear power cross changes simply when I change the Power Period.
I appologise in advance, if this is expected. But the formulas for the respective lines given above are independent of each other.
Lookback is lookback. 100 is 100. Bear/Bull Counts are Bear/Bull counts. Power Period is Power Period.
I would like to adjust Power Period line without causing subsequent changes in values for the Bull/Bear Power lines. I think this makes more sense. Or am I mistaken?
Humbly,
Patrick