V.8:8 (299-300): Programming For Technical Analysis Part 3 by Steve Notis
Product Description
Programming For Technical Analysis Part 3 by Steve Notis
In the last two installments of this column I wrote about Microsoft QuickBASIC being my choice as the best language for a beginner to learn for technical analysis, and I presented a routine to read CompuTrac format data files. I also presented a crude but working technical analysis charting program with source code.
The TACHART.BAS program that I presented last issue demonstrated the techniques needed to scale and plot charts and indicators. It is not a "bulletproof" program in that there are no routines to reject improper entries by the user, and there are no error-handling routines. These things can be added if you want to develop a more sophisticated program. I left them out to keep the code simpler and easier to follow.
The only indicator included in last month's code was the rate-of-change study, which, next to moving averages, is the most basic technical indicator. This month I will present an add-on module that will allow you to plot a totally new indicator called Up-Down Volatility.
Up-Down Volatility takes the form of two separate lines that criss-cross to indicate changes in the trend of a market. Visually, it looks much like J. Welles Wilder's plus and minus Directional Movement Index, but the formulas are quite different.
In the last two installments of this column I wrote about Microsoft QuickBASIC being my choice as the best language for a beginner to learn for technical analysis, and I presented a routine to read CompuTrac format data files. I also presented a crude but working technical analysis charting program with source code.
The TACHART.BAS program that I presented last issue demonstrated the techniques needed to scale and plot charts and indicators. It is not a "bulletproof" program in that there are no routines to reject improper entries by the user, and there are no error-handling routines. These things can be added if you want to develop a more sophisticated program. I left them out to keep the code simpler and easier to follow.
The only indicator included in last month's code was the rate-of-change study, which, next to moving averages, is the most basic technical indicator. This month I will present an add-on module that will allow you to plot a totally new indicator called Up-Down Volatility.
Up-Down Volatility takes the form of two separate lines that criss-cross to indicate changes in the trend of a market. Visually, it looks much like J. Welles Wilder's plus and minus Directional Movement Index, but the formulas are quite different.
FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.
| Take Control of Your Trading. |
| Professional Traders' Starter Kit |
| All these items shown below only $299.99! |
| Click Here to Order |