I took Mark Whistler's WAVE-PM indicator and first integrated the result by taking a running total of the period number then re-averaged it in order to make it range-bound. This means that a 14-period WAVE-PM is normal, but as the period number increases it increasingly becomes the average of periods below it.
In theory, this should create a measurement for the "impulse" of the "force" of a volatility expansion. This would clearer on the 3D version I am simultaneously publishing, but this more conventional version won't break your browser window.
In practice, this should work similarly to WAVE-PM, but it should smooth out choppy conflicting period numbers to give a better overall picture. It gains a lot of data from calculating more period lengths and promptly loses a bunch from its averaging effect. This is a trade-off, and thus Integrated Price Mass is likely best used side-by-side with WAVE-PM.
In theory, this should create a measurement for the "impulse" of the "force" of a volatility expansion. This would clearer on the 3D version I am simultaneously publishing, but this more conventional version won't break your browser window.
In practice, this should work similarly to WAVE-PM, but it should smooth out choppy conflicting period numbers to give a better overall picture. It gains a lot of data from calculating more period lengths and promptly loses a bunch from its averaging effect. This is a trade-off, and thus Integrated Price Mass is likely best used side-by-side with WAVE-PM.
Notas de Lançamento:
I've replaced the code completely with a WIP built by largely by extending the coding logic used for IPM to instead predict a mean for reversion. I may separate them out as two different indicators again as I hammer out the details.
Notas de Lançamento:
This update adds the ability to display bands around the tracked MA.
My volatility-based indicators are available for sale at SharkCharts.live
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK
Feel free to reach out to me with any questions; more information is available on the SharkCharts website and the SharkCharts discord discord.gg/YVpTeSK