In order to facilitate analysis of Entropy with the additional fuzzy logic toolset, a Normalised Entropy is now available (ranging from -1 to +1). It has the same properties as the regular entropy, i.e. momentum behaviour when mild to medium, and reversal warning when high.
In the provided example below, EntropyN is in reversal territory (current EURUSD Kase chart).
Tuesday, March 08, 2011
Normalised Entropy
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