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Better Volume Code

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jalna View Drop Down
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Joined: 31 Mar 2007
Posts: 95
Post Options Post Options   Quote jalna Quote  Post ReplyReply Direct Link To This Post Posted: 11 Sep 2008 at 9:39pm

Oh no , has everyone left the building ?

Volume spread analysis is becoming very popular and lots of codes are being written for different programs. There is a book out by Tom Williams called Master the Markets. It can be downloaded for free on the web . His thinking hails from Wyckoffs works
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jalna View Drop Down
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Joined: 31 Mar 2007
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Post Options Post Options   Quote jalna Quote  Post ReplyReply Direct Link To This Post Posted: 09 Sep 2008 at 10:48pm
Can anyone convert this Trade station code to BC. Its a
simple volume analysis. I got it from emini-watch.com. Intereting site

Inputs: Color(Cyan), LowColor(Yellow), ClimaxColor(Red), ChurnColor(Green), ClimaxChurnColor(Magenta), LowChurnColor(White), AvgColor(Red);
Variables: BarColor(Cyan);
 
BarColor = Color;
 
Value1 = V;
Value2 = V*Range;
If Range <> 0 then Value3 = V/Range;
Value4 = Average(Value1,100);
 
If Value1 = Lowest(Value1,20) then BarColor = LowColor;
If Value2 = Highest(Value2,20) then BarColor = ClimaxColor;
If Value3 = Highest(Value3,20) then BarColor = ChurnColor;
If Value2 = Highest(Value2,20) and Value3 = Highest(Value3,20) then BarColor = ClimaxChurnColor;
If Value3 = Lowest(Value3,20) then BarColor = LowChurnColor;
 
Plot1(Value1,"Volume",BarColor);
Plot2(Value4,"Avg",AvgColor);

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