Completed

Demand Index

This project was successfully completed by FXB2009 for \$50 USD in 3 days.

\$30 - \$60 USD
3 days
8
Project Description

Demand Index for cAlgo API.

formula can be found online.

FORMULA FOR DEMAND INDEX

The Demand Index (DI) calculates two values, Buying Pressure (BP) and Selling Pressure (SP), and then takes a ratio of the two. DI is BP/SP.

There are some slight variations in the formula.

Here's one version:

If prices rise:

BP = V or Volume

SP = V/P where P is the % change in price

If prices decline:

BP = V/P where P is the % change in price SP = V or Volume

Because P is a decimal (less than 1), P is modified by mul­tiplying it by the constant K.

P = P(K)

K = (3 x C)/VA

Where C is the closing price and VA (Volatility Average) is the 10 day average of a two day price range (highest high — lowest low).

If BP > SP then DI = SP/BP

Hire Freelancers who also bid on this project

• Forbes
• The New York Times
• Time
• Wall Street Journal
• Times Online