OmniTrader Professional Forum OmniTrader Professional Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
Mel

Veteran
10010025
Posts: 235

Joined: 3/18/2006

User Profile
 
Subject : RE: Plotting an Indicator in chart and not the pan
Posted : 11/25/2014 7:17 AM
Post #23171 - In reply to #23170

I'm with Jim.

If you want the equivalent z-score on the price chart, use Bollinger Bands, with the SMA period at 4 or 5, not 20. The z-score is measuring price stretch from a short SMA in standard deviations, not price, and can't be meaningfully be plotted on a price chart.

RSI is a momentum based measure of cycle phase, ideally a sine wave going from 1 to -1, but transformed to 0 t0 1 most of the time. Has no value meaningful on a price chart.

It would help to have a better idea of what you are trying to accomplish.

Mel

[Edited by Mel on 11/25/2014 7:19 AM]

Deleting message 23171 : RE: Plotting an Indicator in chart and not the pan


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.