Re: Up/Down Ratio

[Gene Ricci <genr@xxxxxxxxxx>]

Barry, what is your QuotesPlus formula?

Thanks,
Gene

----- Original Message -----
From: Barry Marx
To: metastock@xxxxxxxxxxxxx
Sent: Sunday, November 26, 2000 10:55 AM
Subject: Up/Down Ratio


Hi,

IBD has an indicator called the "Up/Down Volume Ratio", which computes the
ratio of volume on up days to volume on down days for the last 50 periods.
A positive ratio is interpreted as a sign of accumulation.

I programmed this into a Quotes Plus scan as shown below, but don't see any
way to convert it into a MetaStock (6.5) indicator.  Is this possible in MS?

Thanks,
   Barry

-------------------

output="updnratio.lst";

float volup, voldn, updnratio;
integer i, Startindex;

Startindex := -49;
volup := 0;
voldn := 0;

for i = Startindex+1 to 0
do
    if close(i) > close(i-1) then
       volup := volup + vol(i);
    else
       if close(i) < close(i-1) then
          voldn := voldn + vol(i);
       endif;
    endif;
next i;

if voldn > 0 then
   updnratio := volup/voldn;
else
   updnratio := -99999;
endif;

println symbol , ", " , Description, ", ", updnratio;