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VT Measurements in OmniLanguage?
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ThomasHelget
Posted 3/6/2012 11:41 AM (#3470)
Subject: VT Measurements in OmniLanguage?



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All:

Today Jim Dean asked in the VT 9.0 "Top Gun" Webinar if VT Measurement Code was available to users. Ed Downs replied that it was "proprietary". In the past I have attempted to duplicate these measurements for a better understanding of what was going on in VT and have been moderately successful.

Referring to the screen shot below, I show my efforts for Medium Term Reversal, Medium Term Trend and Medium Term Trend Change (in red) vs. the plotted VT Measurement itself (in blue). As you can see, the shape of the curves are wonderfully similar. However, the values are a bit different and I am at a loss to explain that.

I have attached my code below in the hopes that someone in the group might be better able to expand upon it.

(VT Measurement Emulation 2.png)




Edited by ThomasHelget 3/6/2012 2:01 PM

Attachments
Attachments VT Measurement Emulation 2.png (564KB - 9 downloads)
Attachments VTChangeInTrend.txt (0KB - 16 downloads)
Attachments VTReversalEmulation.txt (0KB - 17 downloads)
Attachments VTTrend.txt (0KB - 19 downloads)
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JimDean
Posted 3/6/2012 2:02 PM (#3477 - in reply to #3470)
Subject: VT Measurements in OmniLanguage?



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Looks very close!

Are the ratios of the values (yours/theirs) always about the same for other stocks etc? That might give a clue as to what is happening.

Possibly they are dividing by price/share or by something else, to normalize it.

Or maybe multiplying by ATR
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ThomasHelget
Posted 3/6/2012 3:20 PM (#3478 - in reply to #3477)
Subject: VT Measurements in OmniLanguage?



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Jim:

As to what you mean by the ratios being the same on other stocks, I really haven't checked. But I sure never thought about normalization although that may be a factor.
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