On-Balance Volume Modified from April Issue Stock & Commodities

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Posts
04/08/2020 at 3:05 PM #125254 quote
Loop
Participant

Senior
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
// 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" ) ;
```
04/08/2020 at 5:01 PM #125290 quote
Nicolas
Keymaster

Master
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
```
on-balance-volume-modified.png
07/09/2020 at 7:42 PM #138884 quote

JURG
Participant

Junior

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

Can you help me?

Jurgen.

OBVM.png

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

robertogozzi
Moderator

Master

Remove or comment out line 1.
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Posts

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On-Balance Volume Modified from April Issue Stock & Commodities

ProBuilder: Indicators & Custom Tools

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Author

Loop @loop Participant

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This topic contains 3 replies,
has 4 voices, and was last updated by robertogozzi
5 years, 7 months ago.

Topic Details

Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	04/08/2020
Status:	Active
Attachments:	2 files

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