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Average Peak Excursion (APE) by Chris Young for Metastock

kaiji over 16 years ago Metastock

  • Rating:
    3 / 5 (Votes 3)
  • Tags:
    oscillator, 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.

Indicator / Formula

Copy & Paste Friendly
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))) )
Copy & Paste Friendly
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
Copy & Paste Friendly
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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