Disliked{quote} Good job, similar results in my excel lists, I guess two similar calculations point to the right solutionIgnored
Many thanks friend. Still a long way before I can place a buy or sell order.
@urusit
"The rotation index/Quadrant Close , is calculated using data from the 4 and 8 profile. Since the 5d profile is consider to be the short tf. So the RI calculation using 4d will tell us if we have internal trending or rotation inside the 5d profile. The 8d is used for same way for the larger tf (10d+)."
This is gold.
@Mzega
I am confuse about the last calculation "RI = (RRI (sum/16))-4/12. This one (RI = RRI (Raw Rotation index) -4 )/12) I do understand.
Lets give RRI a value eg. 8
RI = RRI(8)-4/12 = 0.333
The last calculation:
RI = RRI ((8)/16))-4/12 = -0.29166666
Kind regards
Elroy