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Dave - I presume you mean the theory behind the code. FVE (finite
volume element) is a money flow indicator which takes the best of on-
balance volume and Chaikin MF. I've charted it against OBV and CMF
and found it to be more indicative of money flow. FVE was put
forward by Markos Katsanos and is explained in detail in the April
and the Sept 2003 TASC (the Sept article has a slight modification so
it can be used on intraday data). As for the basic code itself - its
in my first post on this topic.
I have overlaid it on the price chart (using StyleOwnScale). I
simply want to scan for stocks which shows the FVE crossing the price
of the stock on the price chart. Sounds simple enough. But I can't
seem to figure it out. Dickie
--- In amibroker@xxxxxxxxxxxxxxx, "David Fitch" <davidfitch@xxxx>
wrote:
> Dickie
> Can you give us the reference or rationale for FVE . IE How was it
put together.
> Thanks
> Dave Fitch
>
> ----- Original Message -----
> From: Dickie Paria
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Wednesday, June 22, 2005 7:53 AM
> Subject: [amibroker] Need help with writing a one line code for a
scan
>
>
> Below is the afl code for overlaying a money flow indicator onto
the
> price chart. Normally - the money flow and the prices move in
> unison. Once in a while - there is a divergence and the money
flow
> goes in one direction and the price in another. Looks very
dramatic
> on the chart.
> Qts - how can I write a line of code that allows me to scan for
> stocks where the money flow indicator (FVE in the code) cuts the
> price line on the price chart?
>
> ********************************************************
> Col = IIf(Close>Ref(Close,-1), colorGreen,colorRed);
> Plot(Close,"Price", Col, styleBar);
>
> Col=IIf(Close>Ref(Close,-1),colorGreen,colorRed);
> Plot(Close,"PRICE",COL,styleBar);
>
> _SECTION_BEGIN("Volume");
> Plot( Volume, _DEFAULT_NAME(), ParamColor("Color",
colorBlueGrey ),
> ParamStyle( "Style", styleHistogram | styleOwnScale | styleThick,
> maskHistogram ), 2 );
> _SECTION_END();
>
> Col=IIf(Close>Ref(Close,-1),colorGreen,colorRed);
> Plot(Close,"PRICE",COL,styleBar);
>
> _SECTION_BEGIN("Price");
> SetChartOptions(0,chartShowArrows|chartShowDates);
> _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g,
Hi %
> g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +"
{{VALUES}}",
> O, H, L, C, SelectedValue( ROC( C, 1 )) ));
> Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle
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> ParamStyle("Style") | GetPriceStyle() );
> _SECTION_END();
>
> _SECTION_BEGIN("FVE");
> Period = 22;
>
> // users of v4.25 or higher can use Param to adjust period in
real
> time
> // Period = Param("FVE period", 22, 10, 80, 1 );
>
> MF = C - (H+L)/2 + Avg - Ref( Avg, -1 );
>
> Vc = IIf( MF > 0.003 * C, V,
> IIf( MF < -0.003 * C, -V, 0 ) );
>
> FVE = Sum( Vc, Period )/MA( V, Period )/Period * 100;
>
> Plot( FVE, "FVE", colorRed, styleOwnScale );
>
> _SECTION_END();
>
>
>
>
> Please note that this group is for discussion between users only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
>
>
>
>
> --------------------------------------------------------------------
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