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Volume Lines for Amibroker (AFL)
Rating:
3 / 5 (Votes 5)
Tags:
oscillator, amibroker
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."
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 | _SECTION_BEGIN("Volume Lines");/*The code here was found from internet....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 stdLBP = Param("Look Back", 30, 0, 150,1 );Mean = MA(ln(V),LBP);StD = StDev(ln(V),LBP);xp3 = exp(mean + 2*std); //3 bandxp2 = exp(mean + 1.5*std); //2 nd bandxp1 = exp(mean + 1*std); // 1st bandxm = exp(mean); // avgxn1 = exp(mean - 1*std); // -1 bandxn2 = exp(mean - 1.5*std); //-2 bandPlot(xp3,"", 1,1|4096);Plot(xp2,"", 1,1|4096);Plot(xp1,"", colorPaleBlue,1|4096);Plot(xm, "avg", colorAqua,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(colorYellow)+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(); |
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Good Afl
Hellow Hit2010 & anandnst,
Please give some tips how best we can use this AFL for profitable trading.
Thanks
Viswanath