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[Metastockusers] Normalized OBV-type indicator



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Pablo, try this:

---8<-------------------------

{Normalized OBV-type indicator}
{ http://users.bigpond.com/prominex/pegasus.htm }

pds:=
 Input("normalizing periods (1=none)",1,2520,1);

x:=If(C<Ref(C,-1),-V,If(C>Ref(C,-1),V,0));
xnorm:=(x-LLV(x,pds))/(HHV(x,pds)-LLV(x,pds)
 +.000001)*100;
xnorm:=If(pds=1,x,xnorm);
avg:=Cum(xnorm)/(Cum(1)-pds);

avg;xnorm

---8<-------------------------

jose '-)



--- In Metastockusers@xxxxxxxxxxxxxxx, "Pablo Paolucci" <micro@xxxx> 
wrote:
> Hi,
> 
> the idea of the formula its to calculate the positive volume and the
> negative volume tick by tick, comparing the current valur to the
> previous.
> 
> So, if the current its bigger or equal to the previus,
> its + or if its lower or equal its -
> 
> Now i have problems to make the calculations use a single day
> (including the previous close), in a manner that will give a
> single value per day to make an oscilator.
> 
> Any suggestions?
> 
> so far the formulas im using are:
> 
> v-
> 
> If(C<=Ref(C,-1),-V,0)
> 
> v+
> 
> If(C>=Ref(C,-1),+V,0)





 
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