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GregorAnton
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Posted Tuesday, June 08, 2010
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Group: Forum Members
Last Active: Monday, March 12, 2012
Posts: 237,
Visits: 483
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Looks like a pretty cool indicator but how is it calculated??
Happy Pipping!
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Admin
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Posted Friday, September 24, 2010
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Administrator
Group: Administrators
Last Active: 23 minutes ago
Posts: 266,
Visits: 1,336
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Hi, GregorAnton
Flipit Indicator
Here are the formulas and some description of how this indicator is plotted:
Formulas:
Top = Sum(High, Period) / Period;
Bottom = Sum(Low, Period) / Period.
The values of this indicator are shifted one candle forward. This means that the candle for which the Flipit value is calculated is not taken into account in the calculation process.
This indicator has a step-like appearance. Each indicator value is displayed in two candles at a time: in the one for which it is calculated, and in the following one.
The Bottom line lies below the candles. If the value happens to cross the candle cutting the specified number of pips from below (Number of points to switch), the current value of the Bottom Graph will be displayed in the following candle, but not after it. The Top Graph will start from the current candle.
The Top line lies above the candles. If the value happens to cross the candle cutting the specified number of pips from above (Number of points to switch), the current value of the Top Graph will be displayed in the following candle, but not after it. The Bottom Graph will start from the current candle.
Only the body of the candle is taken into account when calculating the number of pips that the graph has cut from the candle.
Best regards
-ACTFX© Forum Administrator
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black
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Posted Thursday, October 14, 2010
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Group: Forum Members
Last Active: 3 hours ago
Posts: 462,
Visits: 848
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Wow! I missed this one. I've been looking all over for Flipit. Almost like Hi Lo Activator. What is your Hi Lo Activator formula?
Thanks.
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