Disparity Index

Category: Indicators By: Nicolas Created: October 29, 2015, 12:08 PM
October 29, 2015, 12:08 PM
Indicators
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The disparity Index oscillator indicator reflect price change over the last n periods compared to a moving average as a percentage. The 0 level crossing can act as a bullish or bearish signals, because it reflects a recent price momentum. Contrarian traders may find it useful as extremes percentage deviation above or below the 0 level may be used to find reversal, while expecting the price will revert to the moving average, 0 level as the mean.

 

// parameters : 
// period = 13

Dindex = ((Close-exponentialaverage[period](close))/exponentialaverage[period](close))*100

RETURN Dindex as "Disparity Index", 0

 

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Filename: Disparity-Index.itf
Downloads: 103
Nicolas Master
I created ProRealCode because I believe in the power of shared knowledge. I spend my time coding new tools and helping members solve complex problems. If you are stuck on a code or need a fresh perspective on a strategy, I am always willing to help. Welcome to the community!
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