FVE-katsanos.efs Error in Formula - TS Support

[whatever]

Could someone please correct the following script. It is not the same formula as that of Mark Katsanos. In an article Katsanos keeps a running tab of the total Volume and the +/- Volume. In the following script the total Volume (variable sum) is correct however the +/-Volume is not dealt with properly. A running total of the +/-Volume (variable vlm) should be kept. The running total should be kept over the "period" length.

If this does not make sense send me an email and I will send you a spread sheet with the proper formula so you can see what I am talking about.

Thanks
[email protected]

[TS Support]

Dear Stephen,

Could you please check the modified indicator below and let me know how it works.

Thank you,
Robert


/**********************************************
Description : This Indicator plots the Finite Volume Elements
Provided By : TS Support, LLC for eSignal
**********************************************/

function preMain(){
setStudyTitle("Finite Volume Elements");
setCursorLabelName("FVI",0);
setDefaultBarFgColor(Color.green,0);
setComputeOnClose();
setDefaultBarThickness(2);
}

function main(Period){
if(Period == null)
Period = 22;
var FVE = 0, MF = 0, vlm = 0, Sum = 0;

for(i = - Period + 1; i <= 0; i++){
MF = 0;
MF = close(i) - (high(i) + low(i)) / 2 + (high(i) + low(i) + close(i)) / 3 - (high(i - 1) + low(i - 1) + close(i - 1)) / 3;
if(MF > .3 * close(i) / 100)
vlm += volume(i);
else if(MF < -.3 * close(i) / 100)
vlm -= volume(i);
Sum += volume(i);
}
VolumeMA = Sum / Period;
FVE += ((vlm / VolumeMA) / Period) * 100;

return FVE;
}

[whatever]

Dear Robert,
That is it. It works perfectly.

Thank you