Swingstat AvePercent

[Krishen]

Not sure what I’m doing wrong here:

[Matthew]

Hi,

I think the value returned by the script is already a %, by adjusting the Chart Elements properties to % it is multiplying the result by 100 again.  In the script, try dividing it by 100 there, this should bring the result back to the expected range.

V1 = VOLATILITYSWINGS().SwingList; SWINGSTAT(V1, DEFAULT=AvgPercent, TYPE=All) / 100

1 2 3 4

V1 = VOLATILITYSWINGS().SwingList; SWINGSTAT(V1, DEFAULT=AvgPercent, TYPE=All) / 100

 

[Krishen]

That doesn’t seem to work: 1.105 can’t be the average percent change of the QQQ for the Volatility Swing indicator on the daily

[Darren]

Hi Krishen,

The AvgPercent option is calculating the average retracement of the swings, not the percent change. If you change the Swing Count from 10 to 1 you will see it matches the P/R label in the Gann Swing Overlay chart. You could use AvgSwing instead but note this is in dollars not percent so I’ll log a request to make the average change percent to be added to the SwingStat output for version 2.2.

[Author]

Posts