Smoothed Parabolic

Modified on 2010/05/27 13:40 by Eugene — Categorized as: Community Indicators

Syntax

public SmoothedParabolic(Bars bars, int period, string description)
public static SmoothedParabolic Series(Bars bars, int period)

Parameter Description

Bars	A Bars object
period	Indicator lookback period

Description

Smoothed Parabolic replaces the Extreme Point (EP) in the Parabolic formula with an exponential moving average (EMA) of extreme prices (highs for long trades and lows for short trades), making the formula:

Ptomorrow = Ptoday + AF(EMA(14,High) – Ptoday)

(for long trades)

Reference

Original idea by cs96ai (Chris Sutherland).

Example

No example currently available.