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Dickie,
What is the "Avg" in your code?
Thanks,
Jim
--- In amibroker@xxxxxxxxxxxxxxx, "Dickie Paria" <babui@xxxx> wrote:
> One of my favorite leading indicators is the FVE money flow
indicator
> (by Markos Katsanos - see April and Sept 2003 TASC). It combines
the
> best of both inter (OBV) and intra (Chaikin MF) money flow
> indicators. When graphed, the FVE tends to be "jagged". For
someone
> who is looking for divergences between the money flow and the
prices -
> the "jaggedness" may, on occasion, lead to a wrong conclusion.
So -
> I've added a few lines of code to the indicator to "smooth" out
> the "jag". You won't get any more additional insight but it will
> be 'easier on the eye' when you graph it - consequently - easier to
> spot divergences....in my opinion...anyway.
> Sometimes - money flow trends up but one is not sure at what point
to
> take an interest in the stock. To solve this - I've added an EMA
of
> 13 periods to the code. Use the 'Buy' code as a scan - when the
FVE
> line (plotted in red) crosses the EMA 13 (plotted in green) from
> below - you get a signal - that money is flowing into this stock.
> Chances are the stocks the scan pulls up are divergences - money
flow
> is coming in but prices are going down or flat. Keep track of
these
> stocks and then buy when you see candlestick reversals and prices
> start to go up.
> *************************************
>
> _SECTION_BEGIN("FVE Modified for Intraday");
> /* Volatility modified FVE chart
> ** plus Volatility color-coded Volume chart + trading system
> ** TJ for S&C Traders Tips Sep 2003,
> */
> Period = Param("Period for FVE", 22, 5, 80, 1 );
> Coeff = Param("Coeff for Cutoff", 0.1, 0, 2, 0.01 );
>
> intra=log(H)-log(L);
> Vintra = StDev(intra, period );
> inter = log(Avg)-log(Ref(Avg,-1));
> Vinter = StDev(inter,period);
> Cutoff = Coeff * (Vinter+Vintra)*C;
> MF = C- (H+L)/2 + Avg - Ref( Avg, -1 );
> VC = IIf( MF > Cutoff, V,
> IIf( MF < -Cutoff, -V, 0 ));
> FVE = 100 * Sum( VC, Period )/(MA( V, Period ) * Period );
>
> FVESm = 100 * ( EMA( EMA( FVE - Ref( FVE, -1 ) ,25 ) ,13)
> / EMA( EMA( abs( FVE - Ref( FVE, -1) ),25 ), 13 ) );
>
> Plot( FVESm, "Smoothed FVE", colorRed, styleThick );
> Plot (0,"",colorBlue,styleNoLabel);
> Plot (EMA(FVESm, 13), "EMA 13", colorBrightGreen, styleThick);
>
> Buy = Cross (FVESm, EMA (FVESm, 13));
> Sell = Cross (EMA (FVESm, 13), FVESm);
>
>
> _SECTION_END();
>
> **************************************************
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