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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (8319)4/22/1998 4:00:00 PM
From: big run  Read Replies (2) | Respond to of 12039
 
hi guys...maybe this will help:

i set up three functions:

up_vol if v>average(v,21) and c>c[1] then up_vol = volume else up_vol = 0

down_vol if v>average(v,21) and c<c[1] then down_vol = volume else down_vol = 0

flat_vol if v<=average(v,21) then down_vol = volume else down_vol = 0

then i set up an indicator with three plots:

plot1 = up_vol (in green)
plot2 = down_vol (in red)
plot3 = flat_vol (in black)

this gives me all volume bars colored. hope it helps.

mike



To: TechTrader42 who wrote (8319)4/22/1998 7:56:00 PM
From: shasta23  Read Replies (1) | Respond to of 12039
 
Brooke!

i decided for me that when the volume was low and under the 21SMA( i actually use 21EMA) i don't care if it's up or down since it's not that important and therefore it get's colored white regardless if the day was up or down. And i modified your formula to downdays=red and up(or unchanged) days=green if the volume is above the moving average. I don't see the point of more formulas...what am i missing?

stefan


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