Identify Turning Points

jonah88 · 2019-07-26T11:13:55+00:00

Hi, My friend showed me a formula he was given, and we plotted a chart. See attached. It looks like a better turning points signal than RSI etc. Check out the Excel file. If somebody can assist to code in Pro Real Time will be appreciated. I think we can share this advanced turning point technique together. Jonah 1) NET CHG = (Close[1] – Close[0])*100 2) if NET CHG > 0, NET CHG[-1]*13/14+NET CHG 3) Else NET CHG[-1]*13/14 4) TOTAL STRGNTH = TOTAL STRGNTH -1*13/14+ABS(NET CHG) 5) Jonah Intensity = Trunc (Jonah Intensity – 1*13/14+ABS(50-2*((POS STRNGTH/IF(TOTAL STRNGTH=0,1, ELSE TOTAL STRNGTH)))*50+0.25))/7+0.5) 6) Jonah = Trunc (Jonah Intensity*13/14+ABS(50-2*(If(0-Close[1])>0, POS STRGNTH*13/14+(0-Close[1]….. Objective is to chart Jonah Intensity1

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07/26/2019 at 12:13 PM #103546 quote

jonah88
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Hi,

My friend showed me a formula he was given, and we plotted a chart. See attached. It looks like a better turning points signal than RSI etc. Check out the Excel file. If somebody can assist to code in Pro Real Time will be appreciated. I think we can share this advanced turning point technique together.

Jonah

1) NET CHG = (Close[1] – Close[0])*100

2) if NET CHG > 0, NET CHG[-1]*13/14+NET CHG

3) Else NET CHG[-1]*13/14

4) TOTAL STRGNTH = TOTAL STRGNTH -1*13/14+ABS(NET CHG)

5) Jonah Intensity = Trunc (Jonah Intensity – 1*13/14+ABS(50-2*((POS STRNGTH/IF(TOTAL STRNGTH=0,1, ELSE TOTAL STRNGTH)))*50+0.25))/7+0.5)

6) Jonah = Trunc (Jonah Intensity*13/14+ABS(50-2*(If(0-Close[1])>0, POS STRGNTH*13/14+(0-Close[1]…..

Objective is to chart Jonah Intensity1

07/26/2019 at 1:05 PM #103551 quote

Nicolas
Keymaster

Legend

Are you sure you gave all the formula? What is “POS STRNGTH” please?

07/26/2019 at 2:31 PM #103561 quote

jonah88
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Hi Nicolas,

Honestly, I am not sure of how the formulas have been derived. It’s probably done by some genius . My friend happened to get a copy of the Excel, and I thought it’s pretty interesting in identifying the turning points.

JonahIndex1.xlsx
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