[EquisMetaStock Group] Re: TRsV ?

["distinque" <distinque@xxxxxxxxx>]

Thanks for posting this.  I have been trying for a while to do a multi-colored indicator based on the indicator movement.  Looking at this and some snooping on the web, I came up with the following that has 3 colors.

1) Green if above zero and today's indicator value is greater than yesterday's value.
2) Red if below zero and today's indicator is less than yesterady's value.
3) Yellow for all others times.

Shows the continued or weaking strength of the indicator measurement.

FastEMA:= Mov(CLOSE, 12, E) - Mov(CLOSE, 26, E);
SlowSMA:= Mov(FastEMA, 12, S);
OsMAValue:=FastEMA - SlowSMA;
Strength:= If(OsMAValue>0 AND OsMAValue > Ref(OsMAValue,-1),1,If(OsMAValue<0 AND OsMAValue < Ref(OsMAValue,-1),-1,0));
GrnSignalLine:=If(Strength=1,OsMAValue,0);
RedSignalLine:=If(Strength=-1,OsMAValue,0);
YlwSignalLine:=If(Strength=0,OsMAValue,0);
RedSignalLine;
GrnSignalLine;
YlwSignalLine;


--- In equismetastock@xxxxxxxxxxxxxxx, formulaprimer <no_reply@xxx> wrote:
>
> Lionel, 
> I use this volume color coded indicator... I forgot where I got this code but I'm sure it was from someone in here... 
> Make the volume into histogram and color the up histo green and down red. I use 25 mov cuz it is used by a lot of volume specialist but you can just remove it. Then with it you can get a percentage of buyers and sellers that came in relation to the price change for the day.
> I'm sure Henry has a much more elegant solution.
> 
> 
> 
> Red:=If(C<Ref(C,-1) OR (Ref(C,-1)<Ref(C,-2)
> AND C=Ref(C,-1)),V,0);
> Green:=If(C>Ref(C,-1) OR (Ref(C,-1)>Ref(C,-2)
> AND C=Ref(C,-1)),V,0);
> Red;
> Green;
> Mov(V,25,E);
> 
> 
> 
> --- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@> wrote:
> >
> > Henry, I am not a good programmer, can you post some hints on how to do
> > this?
> > 
> >  
> > 
> > Lionel
> > 
> >  
> > 
> > From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
> > On Behalf Of Henry
> > Sent: Saturday, March 06, 2010 3:19 PM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] Re: TRsV ?
> > 
> >  
> > 
> >   
> > 
> > I guess that the formula will tell you what amount of volume would take per
> > tick for that day, Since volume changes daily, that would hardly give you
> > any help.
> > 
> > It would be of more use to track the percentage of buyers vs sellers over a
> > period of time to find overbought and oversold markets
> > 
> > --- In equismetastock@xxxxxxxxxxxxxxx
> > <mailto:equismetastock%40yahoogroups.com> , formulaprimer <no_reply@>
> > wrote:
> > >
> > > Anyone find any use for this indicator called?
> > > 
> > > TRsV
> > > 
> > > V / ATR( 1 );
> > >
> >
>




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