Announcement

Collapse
No announcement yet.

2003 Jul: RelativeVolume.efs

Collapse
This topic is closed.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • 2003 Jul: RelativeVolume.efs

    File Name: RelativeVolume.efs

    Description:
    This formula is based on Relative Volume Analysis by Thom Hartle, which appeared in the July 2003 issue of Active Trader Magazine.

    Formula Parameters:
    Symbol: NYSE [NASDAQ, NYSE]


    Notes:
    The related article is copyrighted material. If you are not a subscriber of Active Trader Magazine, please visit www. activetradermag.com.

    Updated Version 1.1 7/13/2004
    vRelVol was corrected to be the maximum of vUpVol/vTotVol or vDnVol/vTotVol per instructions from Thom Hartle.

    Download File:
    RelativeVolume.efs



    EFS Code:
    PHP Code:
    /*****************************************************************
    Provided By : eSignal. (c) Copyright 2004
    Study:        Relative Volume Analysis
    Version:      1.1

    1/20/2004

    Notes:
      Formula based on "Relative Volume Analysis" by Thom Hartle, 
      which appeared in the July 2003 issue of Active Trader Magazine.

    1.1 Correction:
      vRelVol was corrected to be the maximum of vUpVol/vTotVol or 
      vDnVol/vTotVol.
     
    *****************************************************************/


    function preMain() {
        
    setStudyTitle("Relative Volume ");
        
    setCursorLabelName("Relative Volume");
        
    setPlotType(PLOTTYPE_HISTOGRAM);
        
    setDefaultBarFgColor(Color.green);
        
    setDefaultBarThickness(4);
        
    setStudyMin(0);
        
    setStudyMax(100);
        
        var 
    fp1 = new FunctionParameter("Symbol"FunctionParameter.STRING);
        
    fp1.setName("Index");
        
    fp1.addOption("NASDAQ");
        
    fp1.addOption("NYSE");
        
    fp1.setDefault("NYSE");
        
    }


    function 
    main(Symbol) {
        var 
    vRelVol null;
        var 
    vUpVol null;
        var 
    vDnVol null;
        var 
    vUnVol null;
        var 
    vTotVol null;
        var 
    vSuffix null;
        var 
    open();
        var 
    close();
        
        if (
    Symbol == "NASDAQ") {
            
    vSuffix "Q";
        } else if (
    Symbol == "NYSE") {
            
    vSuffix "";
        } else {
            return;
        }
        
        
    vUpVol close("$UVOL"+vSuffix);
        
    vDnVol close("$DVOL"+vSuffix);
        if (
    vUpVol == null || vDnVol == null) return;
        
        
    vTotVol vUpVol vDnVol;

        if ( (
    vDnVol/vTotVol) > (vUpVol/vTotVol) ) {
            
    setBarFgColor(Color.red);
        } else if ( (
    vDnVol/vTotVol) < (vUpVol/vTotVol)) {
            
    setBarFgColor(Color.green);
        } else {
            
    setBarFgColor(Color.grey);
        }

        
    vRelVol Math.max((vDnVol/vTotVol)*100, (vUpVol/vTotVol)*100);

        return 
    vRelVol;

    Jason K.
    Project Manager
    eSignal - an Interactive Data company

    EFS KnowledgeBase
    JavaScript for EFS Video Series
    EFS Beginner Tutorial Series
    EFS Glossary
    Custom EFS Development Policy

    New User Orientation
Working...
X