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Indicator - Volume indicator similar to OBV
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Perty  
#1 Posted : Monday, May 15, 2017 3:42:23 PM(UTC)
Perty

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Hello,
Can someone please assist in creating a volume based indicator something similar to On Balance Volume with a few changes.
The plot is on a histogram, which start from 0 going upwards.
There are 2 plots. One for the UP move and one for the DOWN move.
The UP move plot can be shown a green histogram.
The DOWN move plot can be shown a red histogram.
UP move plot - When todays close is above previous days close, todays volume gets added to the previous days volume.
When todays close is below previous days close by less than 2%, then also the todays volume gets added to the previous days volume.
This cumulative volume is continuously plotted on the histogram.
The reversal of this UP move plot takes place when todays close is lower by 2% or more from of previous days close. This 2% should be a variable input.
DOWN move plot -  Once a revsersal takes place, the Down move plot is calculated and is exactly the opposite of the UP move plot.
Any help will be appreciated.
Thanks.
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wabbit  
#2 Posted : Tuesday, May 16, 2017 12:44:03 AM(UTC)
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There's a pretty good template of code to work from in the MS User Manual for OBV: modify it to suit your needs. If you get stuck, post your best attempt here and someone will assist you to correct it.
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Perty on 5/18/2017(UTC)
m_jor75  
#3 Posted : Tuesday, May 16, 2017 6:41:13 AM(UTC)
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Wondering if someone can assist in creating and explorer that would give me Daily S/R levels (duration 4 weeks including current week) and Weekly S/R levels (duration 6 months including current month). I also would like an explorer showing instruments that are in a trading range for same period mentioned above. For both explorers I would like to know those levels within the columns of the both explorer. Appreciate if you could assist Thank you
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m_jor75  
#4 Posted : Tuesday, May 16, 2017 3:27:05 PM(UTC)
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Any help here?
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mstt  
#5 Posted : Wednesday, May 17, 2017 11:28:03 PM(UTC)
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What's your definition of Support and Resistance?
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m_jor75 on 5/19/2017(UTC)
Perty  
#6 Posted : Thursday, May 18, 2017 3:28:50 PM(UTC)
Perty

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There's a pretty good template of code to work from in the MS User Manual for OBV: modify it to suit your needs. If you get stuck, post your best attempt here and someone will assist you to correct it.

Hi Wabbit, Can you post a link to download the MS User Manual.# The one I have only has the formula, no template. Thanks.

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MS Support  
#7 Posted : Thursday, May 18, 2017 10:25:57 PM(UTC)
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Originally Posted by: Perty Go to Quoted Post

There's a pretty good template of code to work from in the MS User Manual for OBV: modify it to suit your needs. If you get stuck, post your best attempt here and someone will assist you to correct it.

Hi Wabbit, Can you post a link to download the MS User Manual.# The one I have only has the formula, no template. Thanks.

We do have an example indicator called "O.B.V. Good example of if() func"

Code:
Cum( 
    If( C, >, Ref(C,-1), +V, 
        If( C, <, Ref(C,-1), -V, 0) )
)

Essentially you should be able to replace the two IF conditions C, >, Ref(C,-1) and C, <, Ref(C,-1) with your own criteria, such as using a ROC of the price values you want.
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Perty on 5/21/2017(UTC)
m_jor75  
#8 Posted : Friday, May 19, 2017 1:58:19 AM(UTC)
m_jor75

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Originally Posted by: mstt Go to Quoted Post
What's your definition of Support and Resistance?
Hi mstt Thank you for your reply. Here are tge requirements and tell me if it makes senses and can be formulated intonan explorer An explorer that identifies securities over a certain number of periods have been trading within a range that does not exceed more than (15-20%) of the current closing price of the security. That is the width of the range peak to trough. Flexibility of peak and trough: within +\-3% of a prior peak and trough. The filter must have a minimum of three peaks and three troughs within the range period. As for trading ranges time frames are: Daily.- 4 weeks including current week Weekly - 6 months including current month). Thank you and waiting your reply.
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