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Old 02-27-2008, 11:58 PM
thrunner thrunner is offline
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Re: How to Access Higher Timeframe Data

Try this Volume Avg indicator modified for RS. Adjust the input for AvgLength to longer periods e.g. 20 days x 390min /5 on 5 min charts; 390min is 6.5 hrs Reg Trade Hrs.
inputs: AvgLength( 30 ), AlertPct( 50 ), UpColor( Green ), DownColor( Red ) ; variables: VVol( 0 ), AvgVVol( 0 ), TVol( 0 ), AvgTVol( 0 ), AlertFactor( 1 + AlertPct * .01 ), AlertStr( NumToStr( AlertPct, 2 ) ) ; if BarType >= 2 then { ie, not tick/minute data } begin VVol = Volume ; AvgVVol = AverageFC( Volume, AvgLength ) ; Plot1( VVol, "Vol" ) ; Plot2( AvgVVol, "VolAvg" ) ; { Alert criteria } if VVol crosses over AvgVVol * AlertFactor then Alert( "Volume breaking through " + AlertStr + "% above its avg" ) ; end else { if tick/minute data; in the case of minute data, also set the "For volume, use:" field in the Format Symbol dialog to Trade Vol or Tick Count, as desired } begin TVol = Ticks ; AvgTVol = AverageFC( Ticks, AvgLength ) ; Plot1( TVol, "Vol" ) ; Plot2( AvgTVol, "VolAvg" ) ; { Alert criteria } if TVol crosses over AvgTVol * AlertFactor then Alert( "Volume breaking through " + AlertStr + "% above its avg" ) ; end ; { Color criteria } if UpTicks > DownTicks then SetPlotColor( 1, UpColor ) else if UpTicks < DownTicks then SetPlotColor( 1, DownColor ) ;

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