"The Insync Index", by Norm North, in Technical Analysis of Stocks & Commodities Jan 1995.

Lemollon
Lemollon ✭
in Using Technical Analysis
This indicator is very successful especially in Range-Bound Markets couple with candlestick filtering it can be very powerful.

My Delima - Stock Charts does not offer the Indicator

Solution - I have the formula for the solution (Posted Below) but I need help translating it to be used in the Advanced Scan can I please get some assistance

BOLInSLB
Mov( C ,20 ,S ) - 2 * ( Std( C ,20 ) )

BOLInSUB
Mov( C ,20 ,S ) + 2 * ( Std( C ,20 ) )

BOLInS2
( C - Fml( "BOLInSLB" ) ) / ( Fml( "BOLInSUB" ) - Fml( "BOLInSLB" ) )

BOLInSLL
If( Fml( "BOLInS2" ) ,< , .05 ,-5 ,If( Fml( "BOLInS2" ) ,> ,.95 ,5 ,0 ) )

CCIInS
If( CCI(14 ) ,> ,100 ,5 ,If ( CCI(14 ) ,< ,-100 ,-5 ,0 ) )

EMVInS2
EMV(10 ,S ) - Mov( EMV(10 ,S) ,10 ,S )

EMVInSB
If( Fml( "EMVInS2" ) ,< ,0 ,If( Mov( EMV(10 ,S ) ,10 ,S ) ,< ,0 ,-5 ,0 ) ,0 )

EMVInSS
If( Fml( "EMVInS2" ) ,> ,0 ,If( Mov( EMV(10 ,S ) ,10 ,S ) ,> ,0 ,5 ,0 ) ,0 )

MACDInS2
MACD( ) - Mov( MACD( ) ,10 ,S )

MACDinSB
If( Fml( "MACDInS2" ) ,< ,0 ,If( Mov( MACD( ) ,10 ,S ) ,< ,0 ,-5 ,0 ) ,0 )

MACDInSS
If( Fml( "MACDInS2" ) ,> ,0 ,If( Mov( MACD( ) ,10 ,S) ,> ,0 ,5 ,0 ) ,0 )

MFIInS
If( MFI( 20 ) ,> ,80 ,5 , If( MFI( 20 ) ,< ,20 ,-5 ,0 ) )

PDOInS2
DPO( 18 ) - Mov( DPO( 18 ) ,10 ,S )

PDOInSB
If( Fml( "PDOInS2" ) ,< ,0 ,If( Mov( DPO( 18 ) ,10 , S) ,< ,0 ,-5 ,0 ) ,0 )

PDOInSS
If( Fml( "PDOInS2" ) ,> ,0 ,If( Mov( DPO ( 18 ) ,10 ,S) ,> ,0 ,5 ,0 ) ,0 )

ROCInS2
ROC( C ,10 ,$ ) - Mov( ROC( C ,10 ,$ ) ,10 ,S )

ROCInSB
If( Fml( "ROCInS2" ) ,< ,0 ,If( Mov( ROC( C ,10 ,$ ) ,10 ,S ) ,< ,0 ,-5 ,0 ) ,0 )

ROCInSS Index
If( Fml( "ROCInS2" ) ,> ,0 ,If( Mov( ROC( C ,10 ,$ ) ,10 ,S ) ,> ,0 ,5 ,0 ) ,0 )

RSIInS
If( RSI(14 ) ,> ,70 ,5 ,If( RSI(14 ), < ,30 ,-5 ,0 ) )

STO%dInS
If( Stoch(14 ,3 ) ,> ,80 ,5 ,If( Stoch(14 ,3 ) ,< ,20 ,-5 ,0 ) )

STO%kInS
If( Stoch(14 ,1) ,> ,80 ,5 ,If( Stoch(14 ,1 ) ,< ,20 ,-5 ,0 ) )

InSync Index
50 + Fml( "CCIInS" ) + Fml( "BOLInSLL" ) + Fml( "RSIInS" ) + Fml( "STO%kInS " ) +
Fml( "STO%dInS" ) + Fml( "MFIInS" ) + Fml( "EMVInSB" ) + Fml( "EMVInSS" ) +
Fml( "ROCInSS" ) + Fml( "ROCInSB" ) + Ref (Fml( "PDOInSS" ) ,-10 ) +
Ref (Fml( "PDOInSB" ) ,-10 ) + Fml( "MACDInS S" ) + Fml( "MACDInSB" )

I know this will be a challenge for anybody to pursue but it doesn't hurt to ask or maybe someone has a better solution. Thank you,

Comments

  • markd
    markd mod
    edited October 2018
    You cannot create an indicator with the advanced scan engine, and you can't practicably re-create index values with a scan, because the scan engine language does not include memory variables, which are required to score the buy/sell status of the component indicators.

    Possibly, you could create scans to test for all component indicators in a buy state or all component indicators in a sell state (0 - 100). For any other values, you would have to specify the state of each indicator in every possible combination (for instance, all possible combinations that total 9 in a buy state and 1 in a sell state). That would be a very large number of combinations.

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