Market Efficiency Ratio
The Market Efficiency Ratio (MER) becomes a more insightful metric when powered by Amibroker data. Traders can assess the efficiency of the market using accurate and real-time data feeds, enabling them to make informed decisions based on the current state of the market.
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_SECTION_BEGIN("Debu Market Efficiency Ratio");
/*"Market - Efficiency - Ratio"
.................................................. .......8.........................................
{Market Efficiency Ratio}
*/
pds= Param("Periods",8,3,200);
Speed= C - Ref(C, -pds);
Volatility= Sum(abs(C - Ref(C, -1)),pds);
Efficiency= Speed / Volatility;
MER= EMA(EMA(Efficiency, 5),3);
Plot(MER,"MKt Eff. Ratio",colorRed);
Plot(0,"ZERO LINE",colorBlue);
_SECTION_END();