Create a simple custom indicator with price and volume

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great work, thank you
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THE PERFECT customer. I was very happy to work with him, recommended to everyone, he is smart and understanding. Thank you.

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Hello,


I'd like to create a simple indicator for a start. This will take 15 minutes for the right person.

I want to have something quick so that we can test and improve.

This is more an apetizer to find the right person for other works going forward, I have more complex stuff in the pipeline once this is done ;-)

The goal is to plot "elasticity" which shows the relationship between variation of price and variation of volume over different time periods.

Indicator definition is as follows :

- Separate window

- 2 lines to plot : Slow (blue) and Fast (red)

- 2 parameters : SlowPeriod and FastPeriod

- The definition of the lines is :

y(t)= (C[t]-C[t-p))/C[t-p])   /  ( (V[t]-V[t-p])/V[t] )

Where :

- V [t] : is the value of volume for tick t. This definition of volume could come from the A/D indicator or an another definition. I welcome any suggestion.

- C[t] is the closing price for tick t

- t-p means the tick a given period before. So if SlowPeriod is egal to 5, we will take the data 5 ticks before

I welcome any value-added suggestion !

Thank you, lookinf forward to working with you !


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