On-Balance Volume Modified from April Issue Stock & Commodities

Loop · 2020-04-08T14:05:13+00:00

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" ) ;

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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

Legend
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

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Remove or comment out line 1.
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