{ "topic": "Omega One Data Mine", "pageNumber": "3", "type": "ARPS Slow & ARPS Fast", "definition": { "text": "Measures the average Bull Power and average Bear Power in the average Total Range.", "updated": 1617958264294 }, "paragraphs": [ { "style": "Note", "text": "You can set different values for used periods at the top section of most indicators found in the Omega Data Mine -> Data Building Procedure -> Procedure Loop -> Procedure Javascript Code node.", "updated": 1617957983880 }, { "style": "Png", "text": "PNGs/Foundations/Docs/indicators/arps-slow-arps-fast.png" }, { "style": "Subtitle", "text": "ARPS - Average Range Percentage Spread", "updated": 1617957610783 }, { "style": "Text", "text": "ARPS Slow and ARPS Fast measures the Average Bull and Average Bear power within a given, configurable range." }, { "style": "Text", "text": "Two separate indicators that can be used either separately or in combination with others." }, { "style": "Text", "text": "ARPS follows price action by using a SMA center line, and prints out the bullish power visualised by a blue line, and a red line for bearish power. The distance from the centerline represents the strength of the powers. The greater distance away from the center line, the greater advantage.", "updated": 1617953949590 }, { "style": "Text", "text": "The distance between the bull and bear lines represents the average total range for the period." }, { "style": "Text", "text": "Looking at the Plotter Panel will give you the values measured in percentage (%)." }, { "style": "Subtitle", "text": "How is ARPS calculated?" }, { "style": "Text", "text": "All values are being calculated through a SMA function." }, { "style": "List", "text": "Bull Power is the measured distance between the candle low and candle close, divided the candle range.", "updated": 1617952901003 }, { "style": "List", "text": "Bear Power is the measured distance between the candle high and candle close, divided the candle range.", "updated": 1617952943789 }, { "style": "List", "text": "The average Bull Power and average Bear Power are divided through the Average Total Range for the same given period - Giving the Average Range Spread.", "updated": 1617953325703 }, { "style": "List", "text": "All values are multiplied by 100 to convert it to percentage form (%)." }, { "style": "Subtitle", "text": "Change the input to optimise it for your use case!", "updated": 1617953879921 }, { "style": "Text", "text": "Most of Omega indicators can use different period values. To change periods:", "updated": 1617955135049 }, { "style": "List", "text": "Locate the Data Mine and expand it." }, { "style": "List", "text": "Expand the Indicator Bot node." }, { "style": "List", "text": "Find the Product Definition -> Data Building Procedure -> Procedure Loop -> Procedure Javascript Code." }, { "style": "List", "text": "Edit the Procedure Javascript Code node." }, { "style": "List", "text": "Put the text marker in the edit box, and press Arrow Up until you reach the top of the code." }, { "style": "List", "text": "Look for \"User defined values\".", "updated": 1617954642138 }, { "style": "List", "text": "Enter the values of your choice." }, { "style": "Note", "text": "Remember that you have to delete existing data for the indicator in the Data-Storage folder, and re-start the Data Tasks needed for the indicator in the Network node before you can see any changes.", "updated": 1617954918128 }, { "style": "Png", "text": "PNGs/Foundations/Docs/indicators/arps-code-node.png", "updated": 1617954552809 }, { "style": "Png", "text": "PNGs/Foundations/Docs/indicators/arps-user-defined.png", "updated": 1617954568478 }, { "style": "Subtitle", "text": "Products, Properties & Examples", "updated": 1617967853007 }, { "style": "Table", "text": "| Product Name | Product Variable | Properties |\n| ARPS Slow | slowARPS | ARPS, apsBull, apsBear, SMA, percentageARPS, percentageApsBull, percentage apsBear |", "updated": 1617968683265 }, { "style": "Javascript", "text": "/* EXAMPLES for ARPS Slow */\n\n// Bullish cross (Bull Power turns greater than Bear Power)\nchart.at01hs.slowARPS.previous.apsBull < \nchart.at01hs.slowARPS.previous.apsBear && \nchart.at01hs.slowARPS.apsBull > \nchart.at01hs.slowARPS.apsBear\n\n// Bearish cross (Bear Power turns greater than Bull Power)\nchart.at01hs.slowARPS.previous.apsBull > \nchart.at01hs.slowARPS.previous.apsBear && \nchart.at01hs.slowARPS.apsBull < \nchart.at01hs.slowARPS.apsBear\n\n// Average Price is going up compared to previous Average Price\nchart.at01hs.slowARPS.previous.SMA < chart.at01hs.slowARPS.SMA\n\n// The Average Range, measured in percent, is greater than 0.5%\nchart.at01hs.slowARPS.percentageARPS > 0.5\n\n// The Average Range, measured in rate, is greater than 1\nchart.at01hs.slowARPS.ARPS > 1", "updated": 1617969217661 }, { "style": "Table", "text": "| Product Name | Product Variable | Properties |\n| ARPS Fast | fastARPS | ARPS, apsBull, apsBear, SMA, percentageARPS, percentageApsBull, percentage apsBear |", "updated": 1617969400921 }, { "style": "Javascript", "text": "/* EXAMPLES for ARPS Fast */\n\n// Bullish cross (Bull Power turns greater than Bear Power)\nchart.at01hs.fastARPS.previous.apsBull < \nchart.at01hs.fastARPS.previous.apsBear && \nchart.at01hs.fastARPS.apsBull > \nchart.at01hs.fastARPS.apsBear\n\n// Bearish cross (Bear Power turns greater than Bull Power)\nchart.at01hs.fastARPS.previous.apsBull > \nchart.at01hs.fastARPS.previous.apsBear && \nchart.at01hs.fastARPS.apsBull < \nchart.at01hs.fastARPS.apsBear\n\n// Average Price is going up compared to previous Average Price\nchart.at01hs.fastARPS.previous.SMA < chart.at01hs.slowARPS.SMA\n\n// The Average Range, measured in percent, is greater than 0.5%\nchart.at01hs.fastARPS.percentageARPS > 0.5\n\n// The Average Range, measured in rate, is greater than 1\nchart.at01hs.fastARPS.ARPS > 1", "updated": 1617969438749 }, { "style": "Subtitle", "text": "That Wombo-Combo!", "updated": 1617969861080 }, { "style": "Javascript", "text": "/* EXAMPLES for ARPS Slow and ARPS Fast combined */\n\n// Fast SMA crosses Slow SMA (Bullish)\nchart.at01hs.fastARPS.previous.SMA < \nchart.at01hs.slowARPS.previous.SMA && \nchart.at01hs.fastARPS.SMA > \nchart.at01hs.slowARPS.SMA\n\n// Fast Bull crosses Slow SMA (Bearish)\nchart.at01hs.fastARPS.previous.apsBull > \nchart.at01hs.slowARPS.previous.SMA && \nchart.at01hs.fastARPS.apsBull < \nchart.at01hs.slowARPS.SMA\n\n// Fast Average Price is above Slow Average Price\nchart.at01hs.fastARPS.SMA > chart.at01hs.slowARPS.SMA\n\n// The Fast Average Range is greater than 0.5 & greater than the Slow Average Range\nchart.at01hs.fastARPS.percentageARPS > 0.5 &&\nchart.at01hs.fastARPS.ARPS > chart.at01hs.slowARPS.ARPS", "updated": 1617969959288 }, { "style": "Subtitle", "text": "" } ] }