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Indicators
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Examples and interpretation of all charts used in
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MetaStock
Indicator - Polarized Fractual Efficiency
Rev. 03/20/97
The January 1994
issue of Stocks & Commodities featured an
article by Hans Hannula on Polarized Fractual
Efficiency. Here is the custom formula for
creating the five-period smoothed 10-day PFE using
MetaStock:
Mov(If(C,>,Ref(C,-9),Sqr(Pwr(Roc(C,9,$),2)
+ Pwr(10,2)) /
Sum(Sqr(Pwr(Roc(C,1,$),2)+1),9),-
Sqr(Pwr(Roc(C,9,$),2) + Pwr(10,2)) /
Sum(Sqr(Pwr(Roc(C,1,$),2)+1),9))*100,5,E) |
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