Composite Indicators

Composite indicators are indicators that are calculated through prices or indicator values of multiple markets. They are not available in real-time, but they can be recalculated automatically in your desired interval through the automatic analysis feature “Auto-Repeat”. Every time your database receives new market data the composite indicators have to be also updated to be […]

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PE – Composites Update

At your first use, you have to set up your reference market to calculate a relative strength indicator. Please open the file PE – Configuration.afl with the editor. Inside the formula you will find the following lines at the top of the file, which defines the default market:  Just change it to your desired market. […]

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PE – SI Relative Strength

This indicator calculates the relative strength of your markets, counts the total number of markets and builds the average value. This indicator shows the strength of any market compared to the corresponding industry and sector. It offers to select markets that are even stronger than the industry and sector. Once your composite indicator is updated, […]

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PE – SI Trend

This indicator calculates the number of markets where the Taio indicator is above zero and divides it by the total number of markets to build an average percentage number of bullish and bearish markets inside the industry and the corresponding sector. The advantage is that you can trade into the direction of the industry and […]

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