Hi George,
Although it only supports candlestick charts at this stage, it won't be difficult to make the algo run on Range Bar charts or Renko charts.
The TMI value for each bar is computed by calculating the corresponding CCI and ATR, both of which require arrays of highs, lows and closes of a given period (as you may know already this is usually 50 for CCI and 5 for ATR). For both Range Bar charts and Renko charts, closes are always equal to either highs or lows. I think this will not be a problem in computing the TMI.
I will definitely implement Range Bar charts or Renko charts (or hopefully both!) in my system. I will post the results on here as well.
Yoshi
Although it only supports candlestick charts at this stage, it won't be difficult to make the algo run on Range Bar charts or Renko charts.
The TMI value for each bar is computed by calculating the corresponding CCI and ATR, both of which require arrays of highs, lows and closes of a given period (as you may know already this is usually 50 for CCI and 5 for ATR). For both Range Bar charts and Renko charts, closes are always equal to either highs or lows. I think this will not be a problem in computing the TMI.
I will definitely implement Range Bar charts or Renko charts (or hopefully both!) in my system. I will post the results on here as well.
Yoshi