SteynTrade

JSE Wyckoff Wave Volume Code

// The Stock Market Institute (SMI) describes an propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE).
// The JSE Wyckoff Wave is in a separate code. This is the code for the volume of the wave. Please see code for the JSE Wyckoff Wave which goes with this indicator.
//
// The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks).
// The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves.
// This is only my attempt to select 10 stocks and a different selection can be made.
// I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock volumne so that moves are of equal magnitude.
// The then provides a view of the overall condition of the market and volume flow in the market.
//
// I have used the September 2018 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership.
//
// Please, let me know if there is a better work around this.

The stocks and their weightings are:
"JSE:BTI"/0.79
"JSE:SHP"/2.87
"JSE:NPN"/0.18
"JSE:AGL"/1.96
"JSE:SOL"/1.0
"JSE:CFR"/4.42
"JSE:MND"/1. 40
"JSE:MTN"/7.63
"JSE:SLM"/7.29
"JSE:FSR"/8.25
릴리즈 노트: This is an update of the previous version published in 2018 as V1.0. The indicator is for the Johannesburg Stock Exchange (JSE) stocks.
The Stock Market Institute (SMI) describes a propriety indicator the "SMI Wyckoff Wave" for US Stocks. This code is an attempt to make a Wyckoff Wave for the Johannesburg Stock Exchange (JSE).
The JSE Wyckoff Wave is in a separate code. This is the code for the volume of the wave.
The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks).
The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves.
This is only my attempt to select 10 stocks and a different selection can be made.
I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock volume so that moves are of equal magnitude.
The then provides a view of the overall condition of the market and volume flow in the market.

I have used the 13 November 2020 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership.

Please, let me know if there is a better workaround for this.

오픈 소스 스크립트

이 스크립트의 오써는 참된 트레이딩뷰의 스피릿으로 이 스크립트를 오픈소스로 퍼블리쉬하여 트레이더들로 하여금 이해 및 검증할 수 있도록 하였습니다. 오써를 응원합니다! 스크립트를 무료로 쓸 수 있지만, 다른 퍼블리케이션에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 님은 즐겨찾기로 이 스크립트를 차트에서 쓸 수 있습니다.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.

차트에 이 스크립트를 사용하시겠습니까?

연관 아이디어