Translating a TDX Price Indicator into an Equity-Line Formula
Summary
This document provides a compact Chinese trading-platform formula combining several price and market breadth calculations. It derives a 13-period moving average, a 75-period high-low range, and smoothed measures of where closing and opening prices sit within that range. It then produces an output labeled for retail traders and a second series based on a winning-position estimate, with the latter averaged over three periods. A red overlay is drawn when that second series rises from its prior value.
The text presents the formula as a rewrite from one charting platform into another, but does not explain each variable’s intended interpretation or provide chart examples. It includes a date condition that gates the plotted outputs. There are no entry or exit rules, validation results, or evidence that the signals predict returns, so the formula alone should not be treated as a tested strategy.
Key ideas
- The formula combines moving averages, rolling price extremes, and smoothed range-position measures.
- It plots separate series labeled for retail and institutional activity.
- A red line is shown when the institutional-activity series increases from its prior value.
- A date condition controls whether the computed series are displayed.
- The document gives no trading rules or empirical validation of the indicator.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.