update frequency analyzer indicator (special indicator for indonesian stock market), been wondering how is this thing calculated:


- formula: ( volume/(frequency^3) ) x 10^4

- volume in lots.

- 10^4 is for readability. if you use volume in no. shares instead of lots ( volume data of stocks is given in terms of lot), so volume × 100, use 10^6 for readability multiplier. this will give the exact data of values of frequency analyzer that Stockbit shows on it's Tradingview charts.

- Is 10^4 necessary? To make values readable maybe, but not using 10^4 should not matter I believe, if we want to only look at the histogram bar plot diagram. because the point is to ultimately spot a bar plot that is significantly higher than other bars.

- why frequency^3? according to chatgpt amplifies and gives a much clearer indication of bandar accumulation. example:

Case: Vol: Freq Vol/Freq Vol/Freq^3
Retail 100M 10000 10000 0.001
Bandar 100M 100 1000000 100

- as seen above, using Freq^3 amplifies the effect by 10^5, while using Freq amplifies by only 10^2. if we plot data points of these values, the difference can be seen much clearer.

- please check it for yourself by testing formula above with daily data of stock and if it's wrong, you can comment on post below!

$BREN $GTSI $PYFA