Arc elasticity

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Arc elasticity

Postby speakinmymind » Sun Sep 09, 2018 12:02 am

Could you create an indicator that can measure price responsiveness to an indicator?

I'm not exactly an expert in differential calculus :D :D .

https://en.wikipedia.org/wiki/Arc_elasticity
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Re: Arc elasticity

Postby Apprentice » Sun Sep 09, 2018 3:24 pm

Try this version, tick volume is used quantity..
Arc elasticity.lua
(3 KiB) Downloaded 21 times

Version with averaged price and tick volume.
Averaged Arc elasticity.lua
(4.81 KiB) Downloaded 19 times
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Re: Arc elasticity

Postby speakinmymind » Sun Sep 09, 2018 10:22 pm

This is great! Is there a way I can apply these to indicators instead of using volume?
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Re: Arc elasticity

Postby Apprentice » Mon Sep 10, 2018 9:03 am

We have to use Volume for Quantity.
Can write version you will be able to apply to the indicator.
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Re: Arc elasticity

Postby speakinmymind » Mon Sep 10, 2018 9:16 am

That would be much appreciated, thank you!
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Re: Arc elasticity

Postby Apprentice » Mon Sep 10, 2018 9:33 am

Real Volume Arc elasticity.lua
(3.75 KiB) Downloaded 19 times

Real Volume Averaged Arc elasticity.lua
(5.45 KiB) Downloaded 18 times

Real Volume volume versions.
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