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Buff Dormeier’s article, “Between Price and Volume” describes the calculation
and use of the Volume Price Confirmation Indicator (or VPCI). The formula for
this indicator and the instructions on adding it to MetaStock are:
To enter these indicators into MetaStock:
- In the Tools menu, select Indicator Builder.
- Click New to open the Indicator Editor for a new indicator.
- Type the name of the formula
- Click in the larger window and type in the formula.
- Click Ok to close the Indicator Editor.
Name: Volume Price Confirmation Indicator
Formula:
- x:=Input("long term periods",30,200,50);
- y:=Input("short term periods",5,30,10);
- (Mov(C,x,VOL)-Mov(C,x,S))*
- (Mov(C,y,VOL)/Mov(C,y,S))*
- (Mov(V,y,S)/Mov(V,x,S))
This indicator will prompt for the long and short term time periods. It uses
50 and 10 as the defaults.
William Golson
Equis International
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