Category: Advanced Indicator Set 2
Input parameters
Name
|
Setting
|
Default
|
Input
|
Time Series
|
Close
|
Resolution level
|
0<=Integer <=16
|
3
|
Calculation and Discussion
The Redundant Haar Wavelet Coefficient (RHC) calculations are as follows:
RHC[reslevel, curbar] = RHW[reslevel-1, curbar] - RHW[reslevel, curbar]
Here RHW is the Redundant Haar Wavelet Smoothed indicator, reslevel is the resolution level, and curbar is the current bar number. As seen from the formula, the Redundant Haar Wavelet Coefficient is simply a difference between two neighboring resolution levels in the Haar wavelet transform.
Although this indicator does not provide anything visually meaningful like its counterpart, it might be useful as an input to a neural network.
Please see Redundant Haar Wavelet Smoothed indicator desciption for more information about this wavelet transform.
|