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Old 04-07-2008, 10:54 AM   #1
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Volume + Price Action Momentum Indicator

Hello Guys,

I came across an indicator that is a combination of volume nad price nad shows momentum on both:

http://www.positiveterritory.com/do/tw/vpmo11.htm

Are you using this or pehaps can you code it in easy language for MultiCharts?

Regards
 
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Old 04-07-2008, 12:52 PM   #2

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Re: Volume + Price Action Momentum Indicator

Code:
http://www.positiveterritory.com/do/tw/vpmo11.htm
Definitions, Formulas:
As its name states, Volume * Price Momentum Oscillator (V*PMO) is both a price and volume momentum oscillator. To compute it we

First, calculate today’s V*PMO input value:

VTODAY * (CPTODAY – CPTODAY-1)

where

VTODAY = today’s volume
CPTODAY = today’s closing price
CPTODAY-1 = yesterday’s closing price

Then smooth the values using a 3-day exponential moving average (EMA):

V*PMO = EMA(3)(VTODAY,VTODAY-1,VTODAY-2)  Wrong?
TS code:
Code:
Input: Price (C);
Var: VPMO (0);

VPMO = XAverage( V * (Price - Price[1]), 3) ;

Plot1( VPMO, "VPMO" ) ;
Plot2( 0, "Zero");

Condition1 = Plot1 crosses over Plot2 ;
Condition1 = Plot1 crosses under Plot2 ;
if Condition1 then
	Alert( "Positive VPMO" ) ;
if Condition2 then
	Alert( "Negative VPMO" ) ;
This indicator is not very good at representing price and volume, try something like VPCI instead.
Attached Thumbnails
Volume + Price Action Momentum Indicator-vpmo-vs-vpci-2008-04-07_124855.gif  
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Old 04-07-2008, 03:35 PM   #3
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Re: Volume + Price Action Momentum Indicator

Many thx thrunner
 
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Old 07-03-2009, 06:45 PM   #4

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Re: Volume + Price Action Momentum Indicator

Hi,thrunner!Can i ask you?Can you send me indicators for metatrader VPMO and VPCI!
I will be very hepy if you send me them! kmmyemail@ukr.net
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Old 03-04-2010, 02:14 PM   #5

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Re: Volume + Price Action Momentum Indicator

Hello!

Is it possible to use the VPCI indicator on the Forex market?
Does anybody have this indicator available for MT4?


Thank you!

Last edited by fore714; 03-04-2010 at 02:18 PM. Reason: incomplete post
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