Demand & HPI index

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Hi guys,

I took a look to John Murphy's book.

and i noticed those indicators:

Demand Index (DI_

&

Herrick Payoff Index (HPI)

So iff anybody got a mq4, please post it here

FarewellDesire

 

Those are the pic's.

Files:
demand_index.jpg  120 kb
hpi.jpg  111 kb
 

well,

it seems that no one got the ind's

Regards

 
 

Exist HPI for MQ4?

 

does anyone know the formula, should be easy to program

 

Here's the site:

Visual Trading Systems User Forums > INDICATORS REQUESTS

 

CORRECTION, THIS IS THE SITE:

Herrick Payoff Index

 

The main problem is we only get tick volume.

 

Up

Does anyone know if somebody did a MT4 Herrick Payoff Index ?

Cheers

 

A list of Herrick Payoff Index parameters (simpler to explain):

  1. High- The high price of the security for each given day.
  2. Low- The low price of the security for each given day.
  3. Volume- The number of shares of the security that were traded during each given day.
  4. Open Interest - The number of open contracts for each given day
  5. Multiplying Factor - A smoothing factor similar to the period of an exponential moving average. A period of 3 includes roughly the current value and the two previous values.
  6. Value of One Cent Move - The value associated with the movement of the price. A value of 100 is typically used for all commodities except silver, which should be 50.

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You will notice that points 3 (the famous volume issue on forex market that can not be known) and 4 are preventing us from making this indicator.

Something might be "combined out" from COT data, but the pace of COT data (once a week) and its lag (published on Friday including data till Tuesday) would make it rather difficult to use at the least

noname35:
Does anyone know if somebody did a MT4 Herrick Payoff Index ? Cheers
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