Van Tharp's market types

[zwedle]

Does anyone remember what Van Tharp's formula was for calculating his six different market types?

 

[AndrewPnF]

Price gauge
13 week ROC < 5.53% and > 0 sideways market > 5.53 bullish and bearish if less than zero
Volatility gauge
13 week ATRP > 2.87 volatile < 2.87 quiet

 

[MerryDay]

Does anyone remember what Van Tharp's formula was for calculating his six different market types?

https://vantharp.wordpress.com/2014/06/24/market-type-and-its-measurement/

 

[sgbaum88]

Van Tharp's Market SQN
https://usethinkscript.com/threads/van-tharps-market-sqn-for-thinkorswim.17321/

 

[zwedle]

Price gauge
13 week ROC < 5.53% and > 0 sideways market > 5.53 bullish and bearish if less than zero
Volatility gauge
13 week ATRP > 2.87 volatile < 2.87 quiet

Hey Andrew, thanks for that. Do you have it scripted? Maybe you can let me know if my version of a chart label seems to accurately capture the idea:

def roc13 = AbsValue(close / close[13] - 1.0);
def atrp13 = MovingAverage(AverageType.EXPONENTIAL, TrueRange(high, close, low) / close, 13);

def sidewaysCondition = roc13 < 0.0553;
def bullishCondition = close > close[13] and roc13 > 0.0553;
def bearishCondition = close < close[13] and roc13 > 0.0553;
def volatileCondition = atrp13 > 0.0287;
def quietCondition = atrp13 <= 0.0287;

AddLabel(yes, "Market Type:", color = Color.WHITE);
AddLabel(sidewaysCondition, "Sideways", color = Color.YELLOW);
AddLabel(bullishCondition, "Bullish", color = Color.GREEN);
AddLabel(bearishCondition, "Bearish", color = Color.RED);
AddLabel(volatileCondition, "Volatile", color = Color.CYAN);
AddLabel(quietCondition, "Quiet", color = Color.GRAY);

 

[AndrewPnF]

Hey Andrew, thanks for that. Do you have it scripted? Maybe you can let me know if my version of a chart label seems to accurately capture the idea:

def roc13 = AbsValue(close / close[13] - 1.0);
def atrp13 = MovingAverage(AverageType.EXPONENTIAL, TrueRange(high, close, low) / close, 13);

def sidewaysCondition = roc13 < 0.0553;
def bullishCondition = close > close[13] and roc13 > 0.0553;
def bearishCondition = close < close[13] and roc13 > 0.0553;
def volatileCondition = atrp13 > 0.0287;
def quietCondition = atrp13 <= 0.0287;

AddLabel(yes, "Market Type:", color = Color.WHITE);
AddLabel(sidewaysCondition, "Sideways", color = Color.YELLOW);
AddLabel(bullishCondition, "Bullish", color = Color.GREEN);
AddLabel(bearishCondition, "Bearish", color = Color.RED);
AddLabel(volatileCondition, "Volatile", color = Color.CYAN);
AddLabel(quietCondition, "Quiet", color = Color.GRAY);

zwedle, I'm definitely NOT a thinkscripting expert, or even an accomplished thinkscripter, but I think that VT was talking about the market/ index conditions and I don't see the market/ index included in your script. MerryDay included a link in this thread to one that looks at a VT market indication called SQN that sort of follows along the same line of thinking.