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Just figure it out, Avg=(H+L+C)/3.
Thanks,
Jim
--- In amibroker@xxxxxxxxxxxxxxx, "jwmc107" <jwmc107@xxxx> wrote:
>
> 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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