thermometer: Market Thermometer

In pverspeelt/Quantfunctions: Contains a diverse set of functions and indicators to add functionality to Quantmod, TTR and Quantstrat

Description

The market thermometer was developed by Alexander Elder. The market thermometer is described in his book "Come Into My Trading Room" on pages 162-164.

Usage

thermometer(x, n = 22)

Arguments

x	an xts object that contains OHLC data.
n	Number of periods for the ema period. Default is 22.

Value

returns an xts object containing the columns:

• temperature contains the calculated temperature values

• temp_ema Ema values based on the temperature values.

See Also

Other Alexander Elder functions: alert_marker(), safezone()

Examples

## Not run: 
library(quantmod)
ADM <- getSymbols("ADM", 
                  from = "2018-01-01", 
                  to = "2018-07-01", 
                  auto.assign = FALSE)
                  
chartSeries(ADM, TA = NULL) # without volume
addTA(thermometer(ADM))

## End(Not run)

pverspeelt/Quantfunctions documentation built on Oct. 10, 2021, 1:01 p.m.