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Median Price
Overview
A Median Price is simply an average of one period's high and low values.
Interpretation
A Median Price is often used as an alternative way of viewing price action and also as a component for calculating other technical indicators.
A Median Price is simply an average of one period's high and low values.
Interpretation
A Median Price is often used as an alternative way of viewing price action and also as a component for calculating other technical indicators.
Typical Price
Overview
A Typical Price is an average of one period's high, low, and close values.
Interpretation
A Typical Price is used as a component for the calculation of several technical indicators.
A Typical Price is an average of one period's high, low, and close values.
Interpretation
A Typical Price is used as a component for the calculation of several technical indicators.
Weighted Close
Overview
Weighted Close is an average of each day's open, high, low, and close, where more weight is placed on the close.
Interpretation
The Weighted Close indicator is a simple method that offers a simplistic view of market prices.
Weighted Close is an average of each day's open, high, low, and close, where more weight is placed on the close.
Interpretation
The Weighted Close indicator is a simple method that offers a simplistic view of market prices.
Price Rate Of Change
Overview
The Price ROC shows the difference between the current price and the price one or more periods in the past.
Interpretation
A 12-day Price ROC is most often used as an overbought/oversold indicator.
The Price ROC shows the difference between the current price and the price one or more periods in the past.
Interpretation
A 12-day Price ROC is most often used as an overbought/oversold indicator.
Volume Rate Of Change
Overview
The Volume Rate of Change indicator shows whether or not volume is trending in one direction or another.
Interpretation
Sharp Volume ROC increases may signal price breakouts.
The Volume Rate of Change indicator shows whether or not volume is trending in one direction or another.
Interpretation
Sharp Volume ROC increases may signal price breakouts.
Highest High Value
Overview
Returns the highest value of the high price over the specified number of periods.
Interpretation
Used as a component for calculation by many other technical indicators.
Returns the highest value of the high price over the specified number of periods.
Interpretation
Used as a component for calculation by many other technical indicators.
Lowest Low Value
Overview
Returns the lowest value of the low price over the specified number of periods.
Interpretation
Used as a component for calculation by many other technical indicators.
Returns the lowest value of the low price over the specified number of periods.
Interpretation
Used as a component for calculation by many other technical indicators.
Standard Deviations
Overview
Standard Deviation is a common statistical calculation that measures volatility. Many technical indicators rely on standard deviations as part of their calculation.
Interpretation
Major highs and lows often accompany extreme volatility. High values of standard deviations indicate that the price or indicator is more volatile than usual.
Standard Deviation is a common statistical calculation that measures volatility. Many technical indicators rely on standard deviations as part of their calculation.
Interpretation
Major highs and lows often accompany extreme volatility. High values of standard deviations indicate that the price or indicator is more volatile than usual.
Correlation Analysis
Overview
Correlation analysis is used to determine the relationship between two vectors.
Interpretation
The function returns a value indicating the relationship between two Vectors. The Vectors may contain price, indicator values, or other values.
Correlation analysis is used to determine the relationship between two vectors.
Interpretation
The function returns a value indicating the relationship between two Vectors. The Vectors may contain price, indicator values, or other values.
Japanese Candlestick Patterns
Overview
The CandlestickPattern() function identifies candlestick patterns automatically. The function takes no arguments and outputs a constant representing one of the two-dozen candlestick patterns as outlined below.
The CandlestickPattern() function identifies candlestick patterns automatically. The function takes no arguments and outputs a constant representing one of the two-dozen candlestick patterns as outlined below.
The Candlestick function returns the following constants. Also see chapter 5 of the ScanScript Programming Guide for visual representations of these patterns:
LONG_BODY
DOJI
HAMMER
HARAMI
STAR
DOJI_STAR
MORNING_STAR
EVENING_STAR
PIERCING_LINE
ENGULFING_LINE
HANGING_MAN
DARK_CLOUD_COVER
BEARISH_ENGULFING_LINE
BEARISH_DOJI_STAR
BEARISH_SHOOTING_STAR
SPINNING_TOPS
HARAMI_CROSS
BULLISH_TRISTAR
THREE_WHITE_SOLDIERS
THREE_BLACK_CROWS
ABANDONED_BABY
BULLISH_UPSIDE_GAP
BULLISH_HAMMER
BULLISH_KICKING
BEARISH_KICKING
BEARISH_BELT_HOLD
BULLISH_BELT_HOLD
BEARISH_TWO_CROWS
BULLISH_MATCHING_LOW
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