http://www.bullcharts.com.au/forum/ This is an XML content feed of; BullCharts : BullScript : Torque Analysis Copyright (c) 2006-2009 Web Wiz Forums - All Rights Reserved. Wed, 15 Apr 2026 10:29:12 +0000 Sat, 04 Jan 2014 19:34:21 +0000 http://blogs.law.harvard.edu/tech/rss Web Wiz Forums 9.69 360 www.bullcharts.com.au/forum/RSS_post_feed.asp?TID=958 http://www.bullcharts.com.au/forum/http://www.bullcharts.com.au/images/bull_logo.gif http://www.bullcharts.com.au/forum/ http://www.bullcharts.com.au/forum/forum_posts.asp?TID=958&PID=3308#3308 Author: cmacdon
Subject: 958
Posted: 04 Jan 2014 at 7:34pm




]]> Sat, 04 Jan 2014 19:34:21 +0000 http://www.bullcharts.com.au/forum/forum_posts.asp?TID=958&PID=3308#3308 http://www.bullcharts.com.au/forum/forum_posts.asp?TID=958&PID=3307#3307 Author: cmacdon
Subject: 958
Posted: 04 Jan 2014 at 6:04pm

CHART UPLOAD NOT WORKING SO I WILL TRY IT AGAIN LATER HERE IS CODE:

[description="Chapter 4 Torque analysis of Stock Market Cycles - formula for allocating buying and selling volume - on a standardised scale. cmacdon Note: this was independently developed formula by Garrett for allocating buying and selling price movement which he then applied to volume measures applied to Cycle analysis. It differs from Larry Williams definition previously discussed in the Bullcharts "Smart Money" post, as the Garret Formula picks up the price movement from hte previous bar close to the current bar close. Whereas Williams formula is an allocation the each bars H to L only. Also, converts to a standadised measure of buying and selling volume per movement between price bars. As an indicator this helps overcome distortions otherise due to outliers in raw data"]
[citation="Investing for Profit with Torque Analysis "]
[author=Garrett, William C.; Investment Book Publishers ; ]


{Note I added ability to apply moving average - concept not in original formula}
prdp:=input("MA of Path", 1, 1, 200);

{Note this was also added to fine tune Bullcharts indicator for cut off level}
bs:=input("Buy Sell Cutoff", 0.5, .0001, 2);

Value1a := If(H>=Hist(C,1),- (H-L), H-Hist(c,1)-(H-L)); {Price movement representing Selling Vol}
Value2 := If(H>=Hist(C,1),(H-Hist(c,1) + (C-L)), (C-L)) ; {Price movement representing Buying Vol}
Path:=Value2-Value1a; { Note this effectively is used to standardise each bars relative movement due to buyers or sellers}
Value1aa:=Value1a/Path; {Relative Selling price movement}
Value22:=Value2/Path; {Relative Buying price movement}

Value3 := Value2 - Value1a; {Net of buying and Selling Vol - Used in other indicators not this one}

[linestyle=Bar; width=6]
Spress:=ma((-Value1aa+Value22),prdp,s);

[name= Standardised Total price movement; color=GOLD;]
Spress;

Bpress:=ma(Value22,prdp,s);

[color=Royal Blue ;]
Bpress;

[color=cyan ;]
if(Bpress>Hist(Bpress,1),Bpress,undefined);

[Name= Threshold levels; color=Black; linestyle=solid;width=2;]
d:=0.5;
d;

d1:=0.75;
d1;

d4:=0.25;
d4;


[color=Black; linestyle=solid;width=1;]
d2:=0.625;
d2;

d3:=0.375;
d3;

[Name= Approx mid point cut off level];
cutoff:=bs;
cutoff;

{ Fill }
[name=Higlight buying or selling above or below cutoff; linestyle=fill]
[color=Cyan]Bpress;
[color=red] bs;

[visible=True]
[linestyle=Bar; color=cyan ; width=6;]
if(Bpress>Cutoff,Bpress,undefined);]]> Sat, 04 Jan 2014 18:04:19 +0000 http://www.bullcharts.com.au/forum/forum_posts.asp?TID=958&PID=3307#3307 http://www.bullcharts.com.au/forum/forum_posts.asp?TID=958&PID=3306#3306 Author: cmacdon
Subject: 958
Posted: 04 Jan 2014 at 5:22pm

As it is new year here is a new indicator you might want to play around with.

The chart and the code narrative should be self explanatory.

The original book by William C Garret noted in the code citation is undated but it was probably published in the early 1960's.

I do not know how true it is but the back page of the book has a reference from Larry Pesavento saying Garret's book is one of the best 3 books ever written about price action in the markets. So, there you go.

The particular formula I have tried to apply in this indicator, is from chapter 4, and it is a slightly different but more complete formula on how to analyse price action relating to buying and selling volume buying and selling volume from the Larry Williams/ Tom Williams "Smart money" formula discussed with relevant indicators in the Bullcharts "Smart Money" Post last year.

I'll post a chart then the code.]]> Sat, 04 Jan 2014 17:22:03 +0000 http://www.bullcharts.com.au/forum/forum_posts.asp?TID=958&PID=3306#3306