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4 / 5 (Votes 3)

oscillator, metastock

{Futures Magazine, Vol.29 No.6, June 2000, P.48}

Overbought/oversold indicator described in the June 2000 Futures Magazine called the Psychological Index.

Submitted by kelvinhand over 11 years ago

Submitted by kaiji almost 15 years ago

Submitted by kaiji over 14 years ago

Submitted by mayurs over 12 years ago

Submitted by vargasc1 over 13 years ago

Submitted by kaiji almost 15 years ago

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{Futures Magazine, Vol.29 No.6, June 2000, P.48}
LookBack:= Input("Number of lookback periods", 2, 100, 12);
UThreshold:= Input("Upper threshold (%)", 0, 100, 75);
LThreshold:= Input("Lower threshold (%)", 0, 100, 25);
UpDay:= If(CLOSE > Ref(CLOSE,-1), 1, 0);
PsychIndex:= Sum(UpDay,LookBack) / LookBack * 100;
PsychIndex;
UThreshold;
LThreshold

3 comments

1. chuquangkhue

over 7 years ago

Anyone please help me what is the formula for this index. I want to code it in Amibroker.

If you have already coded it in Amibroker, please help to share.

Br,

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2. vVvendetta

almost 6 years ago

//{Futures Magazine, Vol.29 No.6, June 2000, P.48}

function StochTransform(array, period) 
{
   return 100*(array-LLV(array,period))/(HHV(array,period)-LLV(array,period));
}

LookBack= Param("Number of lookback periods", 2, 1, 100);
UThreshold= Param("Upper threshold (%)", 0, 75, 100);
LThreshold= Param("Lower threshold (%)", 0, 25, 100);
UpDay= IIf((H==L),0, IIf(C > Ref(C,-1),1,0));
PsychIndex= Sum(UpDay,LookBack) / LookBack;

Per = ParamOptimize("Periods", 1, 1, 252, 1 );
system = StochTransform(PsychIndex,Per)
Plot(system ,"Psychological Index",colorRed,styleline,Null,Null,0,0,2);

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3. dominhy

about 3 years ago

Error:

Per = ParamOptimize("Periods", 1, 1, 252, 1 );
system = StochTransform(PsychIndex,Per)

==>

Per = Optimize("Periods", 12,1,252,1);
system = StochTransform(PsychIndex,Per);

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Psychological Index for Metastock
chsmcp
over 14 years ago
Metastock

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Stock Portfolio Organizer

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Psychological Index for Metastock chsmcp over 14 years ago Metastock

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3 comments

Leave Comment

Psychological Index for Metastock
chsmcp
over 14 years ago
Metastock