Cumulated Volume Velocity screener
June 3, 2019, 8:11 AM
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After studying and using Nicolas’Cumulated Volume Velocity indicator (https://www.prorealcode.com/prorealtime-indicators/cumulated-volume-velocity/), I wrote this simple screener to detect bullish and bearish crossings:
p = 10 //10 periods
t = 1 //1 = ema
Bars = 10 //10 bars
if barindex > Bars then
if (high<high[1] AND low<low[1]) then
CumVolVel = CumVolVel[1]-Range*Volume
elsif (high>high[1] AND low>low[1]) then
CumVolVel = CumVolVel[1]+Range*Volume
else
CumVolVel = CumVolVel[1]
endif
endif
avg = average[p,t](CumVolVel)
//RETURN CumVolVel coloured(255,0,0) as "Cumulated volume", avg coloured(0,0,255) as "signal line"
x = 0
IF CumVolVel CROSSES OVER avg THEN
x = 1
ELSIF CumVolVel CROSSES UNDER avg THEN
x = 2
ENDIF
SCREENER[x](x AS "1=↑, 2=↓")
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Cumulated-Volume-Velocity.itf
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Roberto
https://www.ots-onlinetradingsoftware.com
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