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Arc elasticity

Posted: Sun Sep 09, 2018 12:02 am

by speakinmymind

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

I'm not exactly an expert in differential calculus

.

https://en.wikipedia.org/wiki/Arc_elasticity

Re: Arc elasticity

Posted: Sun Sep 09, 2018 3:24 pm

by Apprentice

Try this version, tick volume is used quantity..

Arc elasticity.lua: (3 KiB) Downloaded 494 times

Version with averaged price and tick volume.

Averaged Arc elasticity.lua: (4.81 KiB) Downloaded 480 times

Re: Arc elasticity

Posted: Sun Sep 09, 2018 10:22 pm

by speakinmymind

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

Re: Arc elasticity

Posted: Mon Sep 10, 2018 9:03 am

by Apprentice

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

Re: Arc elasticity

Posted: Mon Sep 10, 2018 9:16 am

by speakinmymind

That would be much appreciated, thank you!

Re: Arc elasticity

Posted: Mon Sep 10, 2018 9:33 am

by Apprentice

Real Volume Arc elasticity.lua: (3.75 KiB) Downloaded 483 times

Real Volume Averaged Arc elasticity.lua: (5.45 KiB) Downloaded 486 times

Real Volume volume versions.