A Little Help Deconstructing a ELD Word?

[daedalus 10]

I'm trying to convert an indicator for use in OEC, only problem being the code is using an easylanguage reserved word that I can't find in easylanguage manual explaining what it does.

 

The code is this:

 

Tool = AVERAGE ((CLOSE+HIGH+LOW)*RECIPROCAL (3), 5) ;

 

Now the problem is RECIPROCAL while ok in Multicharts and TradeStation (and technically a reserved word in easylanguage) is NOT recognized by OEC. I'm assuming that I could simply rewrite the equation in a more complex "spelled out" format using another variable to do the function that reciprocal would be doing automatically.

 

However, I don't know what the hell Reciprocal is actually doing to the numbers to reconstruct it.

 

Anyone know or have an idea?

[zdo 20]

Reciprocal - Wikipedia, the free encyclopedia

 

RECIPROCAL (3)

same as

1 / (3)

same as

.33333...

 

hth

[daedalus 10]

yea, that helps, I didn't know what number the reciprocal was referencing.... simple enough to compensate for.... but

 

what is the 5 there for?

[HI_THERE 10]

I don't utilize these coding languages.

 

However, I would wager that (5) is the "length" of the simple average.

 

So the forumla is "The average of (HLC * .3333) with a length average of 5."

[daedalus 10]

thanks guys i'll give that logic a shot!

[daedalus 10]

Worked perfectly! Thank you so much guys!

[HI_THERE 10]

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