Friday, 29 August 2014

Volume afl for Amibroker


Volume afl for Amibroker


  • Volume Lines for VSA from AmiFiles
  •  The code here was found on traderguider web site....
  •  A 30 period moving average can be used to determine if Volume is greater than average or less than average.
  •  if you put a 2.0 standard deviation of that 30 average on the chart as well,
  •  then you could call all Volume histogram bars greater than that line High.
  • You could also place a 3.0 standard deviation of the average on the chart AND call all
  • Volume histogram bars greater than that Ultra High Volume. This is basically what TG does.



_SECTION_BEGIN("Modified Volume");
// Volume Lines for VSA from AmiFiles
// The code here was found on traderguider web site....
// A 30 period moving average can be used to determine if Volume is greater than average or less than average.
// if you put a 2.0 standard deviation of that 30 average on the chart as well,
// then you could call all Volume histogram bars greater than that line High.
// You could also place a 3.0 standard deviation of the average on the chart AND call all
// Volume histogram bars greater than that Ultra High Volume. This is basically what TG does."

GraphXSpace = Param("Xspace", 10, 2, 20, 1);
// vol with std
LBP = Param("Look Back", 30, 0, 150,1 );
Mean = MA(ln(V),LBP);
StD = StDev(ln(V),LBP);
xp3 = exp(mean + 2*std); //3 band
xp2 = exp(mean + 1.5*std); //2 nd band
xp1 = exp(mean + 1*std); // 1st band
xm = exp(mean); // avg
xn1 = exp(mean - 1*std); // -1 band
xn2 = exp(mean - 1.5*std); //-2 band
Plot(xp3,"", 1,1|4096);
Plot(xp2,"", 1,1|4096);
Plot(xp1,"", colorOrange,1|4096);
Plot(xm, "avg", colorYellow,1|4096);
Plot(xn1,"",colorPaleBlue,1|4096);
Plot(xn2,"", 1,1|4096);
Clr = IIf(V>Ref(V,-1),29,32);
Plot(V,"vol",Clr,2+4);
PcntInc = NumToStr((V-xm)/xm*100,2);
_N(Title = "{{NAME}} - {{INTERVAL}} {{DATE}}: "+_DEFAULT_NAME()+" : {{VALUES}}"
+"\n"+EncodeColor(colorGreen)+
WriteIf(V > XM*(1 + (LBP * .01)),"Volume is("+PcntInc+")% ABOVE its("+Lbp+")average :","")+
WriteIf(V < XM*(1 + (LBP * .01)),"Volume is("+PcntInc+")% BELOW its("+Lbp+")average :",""));
_SECTION_END();

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

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