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:
CORRECTION, THIS IS THE SITE:
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):
- High- The high price of the security for each given day.
- Low- The low price of the security for each given day.
- Volume- The number of shares of the security that were traded during each given day.
- Open Interest - The number of open contracts for each given day
- 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.
- 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
Does anyone know if somebody did a MT4 Herrick Payoff Index ? Cheers
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Hi guys,
I took a look to John Murphy's book.![](https://c.mql5.com/forextsd/smiles/nerd.png)
and i noticed those indicators:
Demand Index (DI_
&
Herrick Payoff Index (HPI)
So iff anybody got a mq4, please post it here![](https://c.mql5.com/forextsd/smiles/teeth_smile.png)
FarewellDesire