Click here to Login








Swing Index Indicator

by The trader, 5290 days ago
Share |






The swing index uses the current and past prices to determine the market direction and change in direction. It gives a numerical value that is between +100 and -100. This indicator is primarily used in the commodity and Forex markets, but it can also be applied to stocks.

The formula includes a variable known as 'value of a limit move', which is used to define the correct limit move for the commodity you are analyzing. This variable is the unique parameter of the 'swing index' function.
The value could be set as follows:
T-Bonds: 3$
Gold: 0.1$
Coffee: 0.06$
Heating oil: 0.04$
Hogs: 0.015$
Soybeans: 0.30$
The above values need to be adjusted based on the position of the decimal in your quotes data.

The 'value of a limit move' can also be defined as 'the maximum price changing during trade session' and thus can be calculated dynamically as the moving average of the difference between high and low prices for the last X bars.

The swing signal could be interpreted as follows: when the signal crosses below 0, it indicates a fall in the security market price. Conversely, when the swing index signal crosses above 0, it indicates a rise in the security market price.

The swing index is mainly used as a part of the Accumulation Swing Index.


Share This ->
Share |


You have to log in to bookmark this object
What is this?
Additional Information




Type: Trading Indicator

Object ID: 179


Country:
All

Market: All

Style:
Technical Analysis

Reviews
You must log in first

Join now
and get instant access for free to the trading software, the Sharing server and the Social network website.
Click here


Related objects

Empty

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

Technical Analysis


Fundamental Analysis



Random Blog Posts

How to use date components in your trading rules

Quantshare version 1.4

Programming skills are not that important

Looking for trading ideas

A vector-based language

QuantShare - review by the Stock Trading Software Reviews

Rules performance for different volatility regimes

Improve your trading system performance by ranking stocks

Show All

Number of reviews
Click to add a review
Average rate
Click to rate this item
Number of times this object was downloaded
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object






QuantShare
Product
QuantShare
Features
Create an account
Affiliate Program
Support
Contact Us
Trading Forum
How-to Lessons
Manual
Company
About Us
Privacy
Terms of Use

Copyright © 2024 QuantShare.com
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Google+
Follow us on Google+
RSS Trading Items



Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.