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can someone programm this into ninjatrader


leo1177

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commercials:

MovingAvg (Open - Close , bars used in average) / MovingAvg

(Range , bars used in average) * 50 + 50

 

large trader:

MovingAvgMod (Close - Close.8 , bars used in average) / MovingAvgMod (True Range , bars

used in average) * 50 + 50

 

This is a very simple index. All I am doing is taking a moving average of the open minus

the close for eight weeks and dividing that by the moving average of the true high minus

the true low for the same eight weeks. In other words, we are looking at the relationship

between the open and the close as a percentage of the range. That is all there is to it. I

think the reason this works is because, unlike the public who buys based on closing

activities, the Commercials tend to buy based on opening activity indications.[-O<

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