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Average Peak Excursion (APE) by Chris Young for Metastock
Chris Young’s article in this issue, “The Average Peak Excursion,” includes three formulas for calculating the rate of return. These formulas are listed below as indicators and need to be entered as separate indicators in Metastock.
Similar Indicators / Formulas
Indicator / Formula
x:=Input("number of periods for APE",1,200,1); Max( Abs(HHV(H, x) - Ref(O, -(x-1))), Abs(LLV(L, x) - Ref(O, -(x-1))) )
x:=Input("number of periods for APE ratio",2,200,25); ax:= Max( Abs(HHV(H, x) - Ref(O, -(x-1))), Abs(LLV(L, x) - Ref(O, -(x-1))) ); a1:= Max( Abs(H - O), Abs(L - O) ); ax / a1
x:=Input("number of periods for APE",2,200,25); ax:= Max( Abs(HHV(H, x) - Ref(O, -(x-1))), Abs(LLV(L, x) - Ref(O, -(x-1))) ); a1:= Max( Abs(H - O), Abs(L - O) ); Log( ax / a1 ) / Log( x )
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