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Formula Tokens

Bob Hoffman
posted this on February 18, 2010 12:27

Below is a list of the tokens used in the Technical Indicator Formulas, along with a description of what these tokens represent.

Tokens

Descriptions
CL Closing (Last) price of bar
CLx Closing (Last) price of x bars back...similarly, HI3 means the high price of the three bars back.
LO Low price of bar
HI High price of bar
OP Open price of bar
PRICE Represents the user selected value of either OP, CL, HI, LO, HL/2, HLC/3, OHLC/4, or %Change 
VOL Volume of bar
SUM(x) Summation of data represented by "x"
SUM{x, y} Summation of data represented by "x" over the period represented by "y"
MA(x) Moving Average of data represented "x"
MA(x, y, z) Moving Average of data represented "x", using a "z" period moving average of type "y" (Exponential, for instance)
OI+ Open Interest for up days or bars
OI- Open Interest for down days or bars
VOL+ Volume for up days or bars
VOL- Volume for down days or bars
MAX(x, n) Maximum value of "x" over past "n" periods
MIN(x, n) Minimum value of "x" over past "n" periods
ABS(x) Absolute value of "x"


Note: When we refer to "of bar", such as in the expression "Low price of bar", the bar could represent any period of time available in MarketDelta.  It may relate to the low price of a daily bar, or the low price of a 1 minute bar, a 5 minute bar, a weekly bar, etc.