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Daily Volume Indicator- DVI for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, amibroker
Check the Market strength with DVI
Screenshots
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Indicator / Formula
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_SECTION_BEGIN(" DVI "); function DailyVolumeIndicator() { midpoint = ( High + Low ) / 2; dv = Volume * (( Close - midpoint ) / midpoint); return Cum( dv ); } Period= Param("period",21,1,100,1); r1=DailyVolumeIndicator(); r2=TEMA( 2*TEMA(r1,int(Period/2))- TEMA(r1,Period),int(sqrt(Period))); Plot( r2, _DEFAULT_NAME(), IIf( r2> Ref(r2,-1) , ParamColor("Up Color", colorBlue ), ParamColor("Down Color", colorRed ) )); _SECTION_END();
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