Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

danhoyda

Volume Direction Indicator (alert)

Recommended Posts

Hi everyone I am not very familiar with tradestation easy language, I got a indicator I like on this website. i think it was walter that led me to it or tams. Forgive me if I have got the person wrong.

 

I would like to add a alert when a quick increase or decrease happens. or even if a level is hit. so i know. Thanks for all the help, here is the code.

 

[LegacyColorValue = true];

 

{ WAV_Vol_3 Indicator WAV 8/20/05

 

intended for intra-day sessions only

 

plots histogram showing both upTicks and DownTicks for a bar in

real time - the larger of the 2 is always shown on top

 

plots volume average

 

plots mid-point of total average as a dot

 

}

inputs:

AvgLen(20), //length used in volume average

UpColor(green),

DnColor(red);

 

vars:

VolAvg(0), //plotted vol avg

Vol(0); //intra-bar volume (ticks)

 

//only for intra-day

if BarType < 2 then

begin

Vol = ticks; //sum of upticks and downticks

 

VolAvg = average(vol,AvgLen);

plot1(VolAvg,"Avg Vol");

 

//do not change order of following

//be sure both plot3 and plo4 are same width

if UpTicks < DownTicks then

begin

plot3(UpTicks,"UpDn",UpColor);

plot4(vol,"Total",DnColor);

end else

begin

plot3(DownTicks,"UpDn",DnColor);

plot4(vol,"Total",UpColor);

end;

 

//plot mid point of total ticks with a dot

//dot should fit within histogram

plot2(Vol/2,"Mid-Vol");

 

end;//if BarType

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.