On-Balance Volume Modified from April Issue Stock & Commodities

• 04/08/2020 at 3:05 PM #125254
  Loop

  Dear All,

  could you translate into Prorealtime language the “Modified on Balance Volume” indicator described on April issue of Stock & Commodities?

  I attached the Tradestation language.

  Thanks a lot in advance

  Best regards

  Loop

   

   

  On-Balance Volume Modified - Tradestation Code

  // On-Balance Volume Modified // Vitali Apirine // TASC April 2020 inputs: OBVMLength( 7 ), SignalLineLength( 10 ) ; variables: OBVValue( 0 ), OBVMValue( 0 ), SignalLineValue( 0 ) ; OBVValue = OBV ; OBVMValue = XAverage( OBVValue, OBVMLength ) ; SignalLineValue = XAverage( OBVMValue, SignalLineLength ) ; Plot1( OBVMValue, "OBVM" ) ; Plot2( SignalLineValue, "Signal Line" ) ;

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  // On-Balance Volume Modified // Vitali Apirine // TASC April 2020 inputs: OBVMLength( 7 ), SignalLineLength( 10 ) ; variables: OBVValue( 0 ), OBVMValue( 0 ), SignalLineValue( 0 ) ; OBVValue = OBV ; OBVMValue = XAverage( OBVValue,  OBVMLength ) ; SignalLineValue = XAverage( OBVMValue,  SignalLineLength ) ; Plot1( OBVMValue, "OBVM" ) ; Plot2( SignalLineValue, "Signal Line" ) ;

  

  Loop

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  04/08/2020 at 5:01 PM #125290
  Nicolas

  This is indicator is nothing more than an EMA of OBV with a signal line made of a secondary EMA of the first one. I don’t know why it deserves an article in TASC. Anyway, here is the code:

  src = customclose length1 = 7 //Length1 length2 = 10 //Length2 obvm = average[length1,1](obv) sig = average[length2,1](obvm) return obvm,sig

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  src = customclose length1 = 7 //Length1 length2 = 10 //Length2   obvm = average[length1,1](obv) sig = average[length2,1](obvm)   return obvm,sig

   

  

  Nicolas

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  07/09/2020 at 7:42 PM #138884
  JURG

  Hello Nicolas, i get only this in my program(see attachment).

  Can you help me?

  Jurgen.

  

  JURG

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  07/09/2020 at 7:52 PM #138886
  robertogozzi

  Remove or comment out line 1.

  

  robertogozzi

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