The Average Peak Excursion (APE)
Original article by Chris Young
AIQ Code by Richard Denning
The AIQ code for Chris Young’s indicators as described in his article The Average Peak Excursion is given below. These indicators, once coded, can be applied to an AIQ chart as custom indicators. In Figure 1, I show the 20 day Average Peak Excursion (APE) and the 20 day APE Alpha for the stocks AZN and QQQQ.
FIGURE 1 (click here to view).
Caption: AZN and QQQQ with Average Peak Excursion (APE) and APE Alpha for n=20 and averaging set to 250 days.
EDS Code for Average Peak Excursion (APE):
APE Indicator.EDS
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