5268

// Downloaded From www.WiseStockTrader.
com
/*Volume Price Analysis AFL - VPA Version 4.0 -5-05-2016
Revision Details
V-2.0 AFL - fully re written for clarity, Minor bugs removed
V-2.1 support AND resistance line added
V-2.2 Commentary for support AND resistance line breaks Added.
V-2.3 Revision detail- High Volume Lines added
V-2.4 Toggle switch for plotting S/R, High Volume AND Trend lines added
V-2.5 Bar coloring option included - VSA based OR Trend Based
V-3.0 Trend detection Method changed to "Random Walk"
V-3.1 exploration Added
V-3.2 Bug in Exploration fixed
V-4.0 Revamped the formulas for all signals - Especially the No Demand Bar Defn.
Reduced unnecessary signals
Low volume Test signals formula improved
New signal discription for daily signals added like "Move indicates
Strength or weakness".
Effort up or down failure also added
Up and Down Arrows included to indicate change of sentiment.
//===================Version V.4.0.0 ======================
*/
//=========================================================================|
// VPA Basic Module |
//=========================================================================|
_SECTION_BEGIN("VPA Basic Module");
SetChartOptions(0,chartShowArrows|chartShowDates);
gxs=Param("GRAPH spaceing",10,5,50,5);
GraphXSpace = gxs;
SetChartBkColor(ParamColor("Outer panel",colorBlack)); // color of outer border
SetChartBkGradientFill( ParamColor("Inner panel
upper",colorBlack),ParamColor("Inner panel lower",colorBlack));
//===================== Basic Definitions =======================================

volAvg = MA(V,40);
volMean = StDev(volAvg,30);
volUpBand3 = volAvg + 3*volMean;
volUpband2 = volAvg + 2*volMean;;
volUpBand1 = volAvg + 1*volMean;;
volDnBand1 = volAvg -1*volMean;
volDnBand2 = volAvg -2*volMean;
midprice = (H+L)/2;
spread = (H-L);
avgSpread = MA(spread,80);
AvgSpreadBar = spread > Avgspread;
wideRangeBar = spread>(1.5*avgSpread);
narrowRangeBar = spread<(0.7*avgSpread);
lowVolume = V<Ref(V,-1) AND V<Ref(V,-2);
upBar = C>Ref(C,-1);
downBar = C<Ref(C,-1);
highVolume = V>Ref(V,-1) AND Ref(V,-1)>Ref(V,-2);
closeFactor = C-L;
clsPosition = spread/closeFactor;
closePosition = IIf(closeFactor=0,avgSpread,clsPosition);
Vb = V>volAvg OR V>Ref(V,-1);
upClose = C>=((spread*0.7)+L);// close is above 70% of the Bar
downClose = C<=((spread*0.3)+L);// close is below the 30% of the
bar
aboveClose = C>((spread*0.5)+L);// close is between 50% and 70% of
the bar
belowClose = C<((spread*0.5)+L);// close is between 50% and 30% of
the bar
midClose = C>((spread*0.3)+L) AND C<((spread*0.7)+L);// close is
between 30% and 70% of the bar
veryLowClose = closePosition>4;//close is below 25% of the bar
veryHighClose = closePosition<1.35;// Close is above 80% of the bar
ClosePos =
IIf(C<=((spread*0.2)+L),1,IIf(C<=((spread*0.4)+L),2,IIf(C<=((spread*0.6)+L),3,IIf(C
<=((spread*0.8)+L),4,5))));
// 1 = downclose, 2 = belowclose, 3 = MidClose, 4 = aboveClose,
5 = Upclose
Volpos =
IIf(V>volAvg*2,1,IIf(V>volAvg*1.3,2,IIf(V>volAvg,3,IIf(V<volAvg AND
V>volAvg*0.7,4,5))));
//// 1 = Very High, 2 = High, 3 = Above Average, 4 = Less than
Average, 5 = Low
freshGndHi = C > HHV(H,5);
freshGndLo = C < LLV(L,5);
//========================Trend Estimation =========================

j=MA(C,5);
trendLongTerm = LinRegSlope(j,40) ;
trendMediumTerm = LinRegSlope(j,10) ;
trendShortTerm = LinRegSlope(j,3);
tls=LinRegSlope(j,3);
_SECTION_END();
//=========================================================================|
// Trend Analysis Module |
//=========================================================================|
_SECTION_BEGIN("Trend Analysis");
minperiodsRWIst = Param ( "Short term Min Periods", 2, 1, 9, 1);
maxperiodsRWIst = Param ( "Short term Max Periods", 8, 1, 9, 1);
minperiodsRWIlt = Param ( "Long Term Min Periods", 10, 1, 32, 1);

maxperiodsRWIlt = Param ( "Long term Max Periods", 40, 1, 64, 1);
Ground = RWIHi (minperiodsRWIst, maxperiodsRWIst);

Sky = RWILo (minperiodsRWIst, maxperiodsRWIst);
j = RWI(minperiodsRWIlt, maxperiodsRWIlt);
k = RWI(minperiodsRWIst, maxperiodsRWIst);
j2 = RWIHi (minperiodsRWIlt, maxperiodsRWIlt);
k2 = RWILo (minperiodsRWIlt, maxperiodsRWIlt);
ja = Cross(j,1); // The followign section check the diffeent condition of the
RWi above and below zero
jb = Cross(1,j); // In oder to check which trend is doing what
jc = Cross(-1,j);
jd = Cross(j,-1);
j2a = Cross(j2,1);
j2b = Cross(1,j2);
k2a = Cross(k2,1);
k2b = Cross(1,k2);
//Define the Major, Minor and Immediate trend Sttatus
upmajoron = j > 1 AND Ref(ja,-1);
upmajoroff = j < 1 AND Ref(jb,-1);
upminoron = j2 > 1 AND Ref(j2a,-1);
upminoroff = j2 < 1 AND Ref(j2b,-1);
dnmajoron = j < -1 AND Ref(jc,-1);
dnmajoroff = j > -1 AND Ref(jd,-1);
dnminoron = k2 > 1 AND Ref(k2a,-1);
dnminoroff = k2 < 1 AND Ref(k2b,-1);
upimd = IIf(ground > 1, 1,0);
dnimd = IIf(sky > 1, 1, 0);
upmajor = IIf(j>1,1,IIf(j<(-1),-1,0));
upminor = IIf(j2>1,1,-1);
dnminor = IIf(k2>1,1,-1);
_SECTION_END();
//======================================================================|
// VSA Signal generation |
//======================================================================|
_SECTION_BEGIN("Signal Generation");
upThrustBar = wideRangeBar AND downClose AND upimd==1 AND H>Ref(H,-
1);//WRB and UHS and Fresh Ground
nut = wideRangeBar AND downClose AND freshGndHi AND HighVolume;//
NEW SIGNAL
bc = wideRangeBar AND aboveclose AND V == HHV(V,60) AND
upmajor==1;// NEW SIGNAL
upThrustBar = wideRangeBar AND (ClosePos==1 OR ClosePos==2) AND upminor>0
AND H>Ref(H,-1)AND (upimd>0 OR upmajor>0)AND VolPos <4;// after minor up trend
upThrustBartrue = wideRangeBar AND ClosePos==1 AND upmajor>0 AND H>Ref(H,-
1)AND VolPos <4;//occurs after a major uptrend
upThrustCond1 = Ref(upThrustBar,-1) AND downBar AND NOT
narrowRangeBar ;
upThrustCond2 = Ref(upThrustBar,-1) AND downBar AND VolPos == 2;
upThrustCond3 = upThrustBar AND VolPos ==1;
topRevBar = Ref(V,-1)>volAvg AND Ref(upBar,-1) AND
Ref(wideRangeBar,-1) AND downBar AND downClose AND wideRangeBar AND upmajor>0 AND
H==HHV(H,10);
PseudoUpThrust = Ref(upBar,-1) AND H>Ref(H,-1) AND Ref(V,-1)>1.5*volAvg AND
downBar AND downClose AND NOT upThrustBar;
pseudoUtCond = Ref(PseudoUpThrust,-1) AND downBar AND downClose AND
NOT upThrustBar;
trendChange = Ref(upBar,-1) AND H==HHV(H,5)AND downBar AND (downClose OR
midClose) AND V>volAvg AND upmajor>0 AND upimd>0 AND NOT wideRangeBar AND NOT
PseudoUpThrust ;
noDemandBarUt = upBar AND narrowRangeBar AND lowVolume AND ClosePos>
3 AND ((upminor>0 AND upimd>0) OR (upminor<0 AND upminor>0));//in a up market
noDemandBarDt = upBar AND narrowRangeBar AND lowVolume AND ClosePos>
3 AND (upminor<=0 OR upimd<=0);// in a down or sidewayss market
noSupplyBar = downBar AND narrowRangeBar AND lowVolume AND ClosePos<3
AND ((upminor<1 AND upimd<1) OR (upminor>0 AND upimd<1));
lowVolTest = L==LLV(L,5) AND upClose AND lowVolume;//lowVolume AND
L<Ref(L,-1) AND upClose;
lowVolTest1 = L==LLV(L,5) AND V<volAvg AND L<Ref(L,-1) AND upClose AND
upminor>0 AND upmajor>0;// AND wideRangeBar;
lowVolTest2 = Ref(lowVolTest,-1) AND upBar AND upClose;
sellCond1 = (upThrustCond1 OR upThrustCond2 OR upThrustCond3) ;
sellCond2 = Ref(sellCond1,-1)==0;
sellCond = sellCond1 AND sellCond2;
strengthDown0 = upmajor<0 AND VolPos<4 AND Ref(downBar,-1) AND upBar
AND ClosePos>3 AND upminor<0 AND upimd<=0;// strength after a long down trend
strengthDown = VolPos<4 AND Ref(downBar,-1) AND upBar AND ClosePos>3
AND upimd<=00 AND upminor<0;// Strength after a down trend
strengthDown1 = upmajor<0 AND V>(volAvg*1.5) AND Ref(downBar,-1) AND
upBar AND ClosePos>3 AND upminor<0 AND upimd<=0;//Strength after downtrend . High
volume
strengthDown2 = upimd<=0 AND Ref(V,-1)<volAvg AND upBar AND
veryHighClose AND VolPos<4;
buyCond1 = strengthDown OR strengthDown1;
buyCond = upBar AND Ref(buyCond1,-1);
stopVolume = L==LLV(L,5) AND (upClose OR midClose) AND
V>1.5*volAvg AND upmajor<0;
revUpThrust = upmajor<0 AND upBar AND upClose AND V>Ref(V,-1) AND
V>volAvg AND wideRangeBar AND Ref(downBar,-1) AND Ref(downClose,-1) AND upminor<0;
effortUp = H>Ref(H,-1) AND L>Ref(L,-1) AND C>Ref(C,-1) AND
C>=((H-L)*0.7+L) AND spread>avgSpread AND VolPos<4;//AND O<=((H-L)*0.3+L)
effortUpfail = Ref(effortUp,-1) AND (upThrustBar OR upThrustCond1 OR
upThrustCond2 OR upThrustCond3 OR (downbar AND AvgSpreadBar));
effortDown = H<Ref(H,-1) AND L<Ref(L,-1) AND C<Ref(C,-1) AND
C<=((H-L)*0.25+L) AND wideRangeBar AND V>Ref(V,-1);//O>=((H-L)*0.75+
effortDownFail = Ref(effortDown,-1) AND ((upbar AND AvgSpreadBar) OR revUpThrust
OR Buycond1);
upflag = (Sellcond OR Buycond OR effortup OR effortupfail OR stopvolume
OR effortdown OR effortdownfail OR revupthrust OR
noDemandBarDt OR noDemandBarUt OR nosupplyBar OR lowVolTest
OR lowVolTest1 OR lowVolTest2 OR bc);
bullBar = (V>volAvg OR V>Ref(V,-1)) AND closePosition <2 AND
upBar AND NOT upflag;
bearBar = vb AND downClose AND downBar AND spread>avgSpread
AND NOT upflag ;
_SECTION_END();
//|
===================================================================================
=========|
//| TITLE
|
//|
===================================================================================
=========|
if( Status("action") == actionIndicator )
(
Title = EncodeColor(colorWhite)+ "Volume Price Analysis V.4.0" + " - " + Name() +
" - " + EncodeColor(colorRed)+ Interval(2) + EncodeColor(colorWhite) +
" - " + Date() +" - " +EncodeColor(colorYellow)+
StrFormat("\nOp %g, Hi %g, Lo %g, Cl %g ", O, H, L, C) +
"Volume= "+WriteVal(V)+"--"+EncodeColor(colorYellow)+
WriteIf (upThrustBartrue, " An Upthrust Bar. A Sure sign of weakness. ","")+

WriteIf (upThrustBar AND NOT upThrustBartrue, " An Upthrust Bar. A sign of
weakness. ","")+
WriteIf (upThrustCond1, " A downbar after an Upthrust. Confirm weakness. ","")+
WriteIf (upThrustCond2 AND NOT upThrustCond1, " A High Volume downbar after an
Upthrust. Confirm weakness.","")+
WriteIf (upThrustCond3, "This upthrust at very High Voume, Confirms weakness","")+
WriteIf (PseudoUpThrust, "Psuedo UpThrust. A Sign of Weakness. ","")+
WriteIf (pseudoUtCond, "A Down Bar closing down after a Pseudo Upthrust confirms
weakness. ","")+
WriteIf (trendChange, "High volume Downbar after an upmove on high volume indicates
weakness. ","")+
WriteIf (topRevBar, "Top Reversal. Sign of Weakness. ","")+
WriteIf (noDemandBarDt, "No Demand. upside unlikely soon ","")+
WriteIf (noDemandBarUt, "No Demand in a Uptrend. A sign of Weakness. ","")+
WriteIf (noSupplyBar, "No Supply. A sign of Strength. ","")+
WriteIf (lowVolTest, "Test for supply. ","")+
WriteIf (lowVolTest2, "An upBar closing near High after a Test confirms strength.
","")+
WriteIf (lowVolTest1, "Test for supply in a uptrend. Sign of Strength. ","")+
WriteIf (strengthDown1, "Strength seen returning after a down trend. High volume
adds to strength. ","")+
WriteIf (strengthDown0 AND NOT strengthDown, "Strength seen returning after a down
trend. ","")+
WriteIf (strengthDown AND NOT strengthDown1, "Strength seen returning after a down
trend. ","")+
WriteIf (buyCond, "Possible end of downtrend and start of uptrend soon ","")+
WriteIf (Sellcond, "Possible end of Uptrend and start of Downtrend soon ","")+
WriteIf (effortUp, "Effort to Rise. Bullish sign ","")+
WriteIf (effortDown, "Effort to Fall. Bearish sign ","")+
WriteIf (effortUpfail, "Effort to Move up has failed. Bearish sign ","")+
WriteIf (effortDownfail, "Effort to Move Down has failed. Bulish sign ","")+
WriteIf (strengthDown2, "High volume upBar closing on the high indicates strength.
","")+
WriteIf (stopVolume, "Stopping volume. Normally indicates end of bearishness is
nearing. ","")+
WriteIf (revUpThrust, "Reverse upthrust. Indicates strength. ","")+
WriteIf (BullBar, "Day's Move Indicates strength. ","")+
WriteIf (BearBar, "Day's Move Indicates weakness ","")+
WriteIf (bc,"Potential Buying climax","")+
("\n Volume: ")+WriteIf(V>volAvg*2,EncodeColor(colorGreen)+"Very

High",WriteIf(V>volAvg*1.3,EncodeColor(colorGreen)+
" High",WriteIf(V>volAvg,EncodeColor(colorGreen)+"Above Average",
WriteIf(V<volAvg AND V>volAvg*0.7,EncodeColor(colorRed)+"Less than
Average",WriteIf(V<volDnBand1,"Low","")))))+
(EncodeColor(colorYellow)+" Spread: ")+WriteIf(spread
>(avgSpread*1.5),EncodeColor(colorGreen)+" Wide",
WriteIf(spread>avgSpread,EncodeColor(colorGreen)+" Above
Average",EncodeColor(colorRed)+WriteIf((spread < avgSpread AND spread >=
(AvgSpread*0.7)),"Below Average",
WriteIf(spread < AvgSpread*0.5,EncodeColor(colorRed)+"Very Narrow"," Narrow"))))+
(EncodeColor(colorYellow)+" Close: ")
+WriteIf(ClosePos==5,EncodeColor(colorGreen)
+"High",WriteIf(ClosePos==4,EncodeColor(colorGreen)+"Upper
side",WriteIf(ClosePos==3,EncodeColor(colorYellow)+"Mid",
WriteIf(ClosePos==2,EncodeColor(colorRed)+"Lower Side","Low"))))+
EncodeColor(colorYellow)+("\n Major Trend: ")
+WriteIf(upmajor==1,EncodeColor(colorGreen)+"Major Trend UP",WriteIf(upmajor==
-1,EncodeColor(colorRed)+
"Major Trend Down",EncodeColor(colorYellow)+"No Trend"))+
WriteIf(upmajoroff,EncodeColor(colorRed)+" Major UpTrend
Ended",WriteIf(dnmajoroff,EncodeColor(colorGreen)+" Major Down Trend Ended","" ))+
EncodeColor(colorYellow)+("\n Minor Trend: ")
+WriteIf(upminor==1,EncodeColor(colorGreen)+"Minor trend up",WriteIf(dnminor==1,
EncodeColor(colorRed)+"Minor Trend Down",EncodeColor(colorYellow)+"No Trend"))+
EncodeColor(colorYellow)+("\n Immediate Trend: ")
+WriteIf(upimd==1,EncodeColor(colorGreen)+"Immediate trend up",WriteIf(dnimd==1,
EncodeColor(colorRed)+"Immediate Trend Down",EncodeColor(colorYellow)+"No
Trend")));
_SECTION_END();
//=================================================================================
===|
// Plotting Module
|
//=================================================================================
===|
_SECTION_BEGIN("Plotting");
//Bar coloring formula 1 _ Preferred - Based on VSA Strength
Vscolor=IIf(lowVolTest,colorTurquoise,IIf(lowVolTest2,colorPink,IIf(bc,colorDarkRed
,IIf(upThrustBar,colorYellow ,IIf(bullbar,colorLime ,
IIf(bearbar,colorRed,IIf(noDemandBarUT OR noDemandBarDt,colorWhite
,IIf(noSupplyBar,colorCustom12,IIf(upbar,colorGreen,IIf(downbar,colorOrange,colorBl
ue))))))))));
//Bar coloring formula 2 _ Based on Trend
Trcolor=IIf(trendShortTerm>0 AND trendMediumTerm>0 AND
trendLongTerm>0,colorLime,IIf(trendShortTerm>0 AND trendMediumTerm>0 AND
trendLongTerm<0,colorGreen,
IIf(trendShortTerm>0 AND trendMediumTerm<0 AND
trendLongTerm<0,colorPaleGreen,IIf(trendShortTerm<0 AND trendMediumTerm<0 AND
trendLongTerm<0,colorRed,IIf(trendShortTerm<0 AND trendMediumTerm>0 AND
trendLongTerm>0,colorPaleGreen,
IIf(trendShortTerm<0 AND trendMediumTerm<0 AND
trendLongTerm>0,colorOrange,colorBlue))))));
//Bar coloring formula 3 _ Marar Histogram
Vlp=Param("Volume lookback period",150,20,300,10);
Vrg=MA(V,Vlp);// average volume
rg=(H-L);
arg=Wilders(rg,30);
Vh=V>Ref(V,-1) AND Ref(V,-1)>Ref(V,-2);
Cloc=C-L;
x=(H-L)/Cloc;
x1=IIf(Cloc=0,arg,x);
Vb=V>Vrg OR V>Ref(V,-1);
ucls=x1<2;
dcls=x1>2;
mcls=x1<2.2 AND x1>1.8 ;
Vlcls=x1>4;
Vhcls=x1<1.35;
upbar=C>Ref(C,-1);
dnbar=C<Ref(C,-1);
CloseUp = C>Ref(C,-1);
Closedn = C<Ref(C,-1);
VolUp = V>Ref(V,-1);
VolDn = V<Ref(V,-1);
bb1 = upbar AND CloseUp AND ucls AND L>Ref(L,-1);
bb2 = upbar AND VolUp;
bb3 = dnbar AND CloseDn AND VolDn;
bb4 = dnbar AND CloseDn AND C>Ref(L,-1);
db1 = dnbar AND CloseDn AND dcls;
db2 = dnbar AND VolUp ;
db3 = upbar AND CloseDn AND VolUp;
db4 = upbar AND CloseDn AND C<Ref(L,-1) AND dcls;
db5 = upbar AND CloseUp AND ucls AND L<Ref(L,-1);
db6 = upbar AND CloseUp AND dcls;
bb=(bb1 OR bb2 OR bb3 OR bb4);
db=(db1 OR db2 OR db3 OR db4 OR db5 OR db6);
Mcolor = IIf(bb AND tls>0, colorLime,IIf(db AND tls<0,colorRed,colorWhite)) ;
//WriteVal(tls);
//---------------------------------------------------------------------------------
---------
SelectedIndicator = ParamList( "Chart Coloring", "VSA Based,Trend Based,Marar Trend
Based", 1 );
switch ( SelectedIndicator )
{
case "VSA Based":
PlotOHLC( Open, High, Low, Close, "", VScolor, styleBar |styleThick );
break;
case "Trend Based":
PlotOHLC( Open, High, Low, Close, "", Trcolor, styleBar |styleThick );
break;
case "Marar Trend Based":
PlotOHLC( Open, High, Low, Close, "", Mcolor, styleBar |styleThick );
//Plot(C,"",Mcolor,styleCandle);
break;
}
//=============================== PLOT SHAPES SECTION============================

PlotShapes(shapeSmallDownTriangle*(upThrustBar OR upThrustBartrue ) , colorDarkRed,
0, H, -20 );
PlotShapes(shapeHollowSmallDownTriangle*(upThrustBar OR upThrustBartrue ) ,
colorRed, 0, H, -20 );
PlotShapes(shapeSmallDownTriangle*(upThrustcond1 OR upThrustcond2 ) , colorRed, 0,
H, -20 );
PlotShapes(shapeHollowSmallDownTriangle*(upThrustcond1 OR upThrustcond2 ) ,
colorWhite, 0, H, -20 );
PlotShapes(shapeSmallCircle*topRevBar, colorBlue, 0, H, 30 );
PlotShapes(shapeSmallSquare*(PseudoUpThrust) , colorBlue, 0, H, 10 );
PlotShapes(shapeSmallDownTriangle*(pseudoUtCond) , colorBlue, 0, H, -20 );
PlotShapes(shapeSmallDownTriangle*trendChange , colorYellow, 0, H, -20 );
PlotShapes(shapeHollowSmallDownTriangle*trendChange , colorRed, 0, H, -20 );
PlotShapes(shapeSmallSquare*noDemandBarUt, colorOrange, 0, H, 15);
PlotShapes(shapeHollowSmallSquare*noDemandBarUt, colorYellow, 0, H, 15);
PlotShapes(shapeSmallSquare*(noDemandBarDt) , colorOrange, 0, H, 15 );
PlotShapes(shapeHollowSmallSquare*noDemandBarDt, colorYellow, 0, H, 15);
PlotShapes(shapeSmallSquare*noSupplyBar, colorBlue, 0, L, -20 );
PlotShapes(shapeHollowSmallSquare*noSupplyBar, colorLightBlue, 0, L, -20 );
PlotShapes(shapeSmallSquare*lowVolTest, colorCustom12, 0, L, -20);
PlotShapes(shapeSmallUpTriangle*lowVolTest2, colorYellow, 0, L, -10 );
PlotShapes(shapeSmallUpTriangle*strengthDown, colorDarkGreen, 0, L, -20 );
PlotShapes(shapeHollowSmallUpTriangle*strengthDown, colorLime, 0, L, -20 );
PlotShapes(shapeSmallUpTriangle*strengthDown2, colorViolet, 0, L, -30 );
PlotShapes(shapeHollowSmallUpTriangle*strengthDown2, colorCustom12, 0, L, -30 );
PlotShapes(shapeSmallCircle*stopVolume, colorGreen,0, L, -10 );
PlotShapes(shapeHollowSmallCircle*stopVolume, colorYellow, 0, L, -10 );
PlotShapes(shapeSmallSquare*revUpThrust, colorYellow, 0, L, -20 );
PlotShapes(shapeSmallCircle*effortUp, colorLime, 0, midprice, 0 );
PlotShapes(shapeSmallCircle*effortUpFail, colorRed, 0, H, 10 );
PlotShapes(shapeHollowSmallCircle*effortUpFail, colorWhite, 0, H, 10 );
PlotShapes(shapeSmallCircle*effortDown, colorOrange, 0, midprice, 0 );
PlotShapes(shapeSmallCircle*effortDownFail, colorRed, 0, L, -10 );
PlotShapes(shapeHollowSmallCircle*effortDownFail, colorWhite, 0, L, -10 );
PlotShapes(shapeUpArrow*buyCond, colorGreen, 0, L, -20 );
PlotShapes(shapeDownArrow*Sellcond, colorOrange, 0, H, -40 );
PlotShapes(shapeSmallDownTriangle*(nut) , colorLime, 0, H, -40 );
PlotShapes(shapeSmallDownTriangle*(bc ) , colorDarkRed, 0, H, -20 );
_SECTION_END();
//=================================================================================
===|
// Commentry Module
|
//=================================================================================
===|
_SECTION_BEGIN("Commentary");
Vpc= upThrustBartrue OR upThrustCond1 OR upThrustCond2 OR upThrustCond3 OR
strengthDown0 OR strengthDown1 OR strengthDown2 OR
strengthDown OR lowVolTest1 OR pseudoUtCond OR lowVolTest2 OR PseudoUpThrust OR
pseudoUtCond OR noDemandBarUt OR stopVolume OR trendChange OR buyCond OR
noSupplyBar;
if( Status("action") == actionCommentary ) printf ( "====================

Volume Price Analysis V.4.0 ====================\n");
printf ( Name() + " - " + Interval(2) + " - " + Date() + " - " + "\n" +
StrFormat("High %g \nLow %g \nOpen %g \nClose %g \nVolume %g ", H, L,
O, C, V));
WriteIf(Vpc,"====================\nVolume Analysis Commentary:","");
WriteIf(upThrustBartrue , "\nUp-thrusts are designed to catch stops and to mislead

as many traders as possible. " +
"They are normally seen after there has been weakness in the background. The
market makers know that the " +
"market is weak, so the price is marked up to catch stops, encourage traders
to go long in a weak market, " +
"AND panic traders that are already Short into covering their very good
position.","")
+
WriteIf(upThrustCond3,"\n This upthrust bar is at high volume. This is a sure sign
of weakness. One may even seriously " +
"consider ending the Longs AND be ready to reverse","")
+
WriteIf(upThrustBartrue OR upThrustCond3,"\nAlso note that A wide spread " +
"down-bar that appears immediately after any up-thrust, tends to confirm the
weakness (the market makers are " +
"locking in traders into poor positions). With the appearance of an upthrust
you should " +
"certainly be paying attention to your trade AND your stops. On many
upthrusts you will find that the market will " +
"'test' almost immediately.","")
+
WriteIf(upThrustCond1, "\nA wide spread down bar following a Upthrust Bar. " +
"This confirms weakness. The Smart Money is locking in Traders into poor
positions","");
WriteIf(upThrustCond2 , "\nAlso here the volume is high( Above Average).This is a

sure sign of weakness. The Smart Money is " +
"locking in Traders into poor positions","")
+
WriteIf(strengthDown, "\nStrength Bar. The stock has been in a down Trend. An upbar
" +
"with higher Volume closing near the High is a sign of strength returning.
The downtrend is likely to reverse soon. ","")
+
WriteIf(strengthDown1,"\nHere the volume is very much above average. This makes
this indication more stronger. ","")
+
WriteIf(buyCond,"\nThe previous bar saw strength coming back. This upbar confirms
strength. ","")
+
WriteIf(PseudoUpThrust,"\nA pseudo Upthrust. This normally appears after an Up Bar
with above average volume. This looks like an upthrust bar " +
"closing down near the Low. But the Volume is normally Lower than average.
this is a sign of weakness.If the Volume is High then weakness " +
"increases. Smart Money is trying to trap the retailers into bad position.
","")
+
WriteIf(pseudoUtCond, "\nA downbar after a pseudo Upthrust Confirms weakness. If
the volume is above average the weakness is increased. ","")
+
WriteIf(lowVolTest1,"\nThe previous bar was a successful Test of supply. The
current bar is a upbar with higher volume. This confirms strength","")
+
WriteIf(lowVolTest2,"\nThe previous bar was a successful Test of supply. The
current bar is a upbar with higher volume. This confirms strength","")
+
WriteIf(trendChange,"\nThe stock has been moving up on high volume. The current bar
is a Downbar with high volume. Indicates weakness and probably end of the up
move","")
+
WriteIf(effortUp,"\nEffort to Rise bar. This normally found in the beginning of a
Markup Phase and is bullish sign. " +
"These may be found at the top of an Upmove as the Smart money makes a last
effort to move the price to the maximum","")
+
WriteIf(effortDown,"\nEffort to Fall bar. This normally found in the beginning of a
Markdown phase.","")
+
WriteIf(noSupplyBar,"\nNo Supply. A no supply bar indicates supply has been removed
and the Smart money can markup the price. It is better to wait for
confirmation","")
+
WriteIf(stopVolume,"\nStopping Volume. This will be an downbar during a bearish
period closing towards the Top accompanied by High volume. " +
"A stopping Volume normally indicates that smart money is absorbing the
supply which is a Indication that they are Bullishon the MArket. " +
"Hence we Can expect a reversal in the down trend. ","")
+
WriteIf(noDemandBarUt, "\nNo Demand Brief Description: \n Any up bar which closes
in the middle OR Low, especially if the Volume has fallen off, is a potential sign
of weakness. " +
"Things to Look Out for: \n if the market is still strong, you will normally
see signs of strength in the next few bars, which will most probably show itself as
a: " +
"* Down bar with a narrow spread, closing in the middle OR High. * Down bar
on Low Volume.","");
_SECTION_END();
//=================================================================================
===|
// Support & Resistance Lines
|
//=================================================================================
===|
_SECTION_BEGIN("RS Lines");
// AFL By Karthikmarar
// RESISTANCE AND SUPPORT LINES AFL VERSION 2.00
// Provids upto total 20 lines. Two Adjustable Parameters. 1) Sensitivity and 2)
Number of lines
// Depending on the Share Volatility, the Sensitivity Factor can be adjusted
// Support Lines are colored Blue and Resistance Line are colored Red.
sr=ParamToggle("Plot Supp/Res lines","No|Yes" ,0);
Per=Param("Sensitivity",6,2,15,1);
g=Param("No.of Lines",5,1,10,1);
x=Cum(1);
Pk1=PeakBars(H,per,1)== 0;
Tk1=TroughBars(L,per,1)== 0;
//peak detection
px1=LastValue(ValueWhen(pk1,x,1));
px2=LastValue(ValueWhen(Pk1,x,2));
//Trough Detection
tx1=LastValue(ValueWhen(Tk1,x,1));
tx10=LastValue(ValueWhen(Pk1,x,10));
//values when Peaks occured
XT1 =LastValue(ValueWhen(pk1,H,1));
XT2 =LastValue(ValueWhen(Pk1,H,2));
//Value when troughs occured
YT1 =LastValue(ValueWhen(tk1,L,1));
LastBar = Cum(1) == LastValue(Cum(1));
//plot peak lines
Plot(IIf(x>px1 AND g>=1 AND sr,XT1,Null),"P1",IIf( LastValue(C)>XT1, colorBlue,
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
Plot(IIf(x>px10 AND g>=10 AND sr,XT10,Null),"P10",IIf( LastValue(C)>XT10,
colorBlue, colorRed ));
//plot Trough lines
Plot(IIf(x>tx1 AND g>=1 AND sr,YT1,Null),"T1",IIf( LastValue(C)>YT1, colorBlue,
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
colorRed ));
Plot(IIf(x>tx10 AND g>=10 AND sr,YT10,Null),"T10",IIf( LastValue(C)>YT10,
colorBlue, colorRed ));
//Crossing Resistance Lines
xt1c=Cross(C,xt1);
xt2c=Cross(C,xt2);
xt3c=Cross(C,xt3);
xt4c=Cross(C,xt4);
xt5c=Cross(C,xt5);
xt6c=Cross(C,xt6);
xt7c=Cross(C,xt7);
xt8c=Cross(C,xt8);
xt9c=Cross(C,xt9);
xt10c=Cross(C,xt10);
//Breaking support Lines
yt1c=Cross(yt1,C);
yt2c=Cross(yt2,C);
yt3c=Cross(yt3,C);
yt4c=Cross(yt4,C);
yt5c=Cross(yt5,C);
yt6c=Cross(yt6,C);
yt7c=Cross(yt7,C);
yt8c=Cross(yt8,C);
yt9c=Cross(yt9,C);
yt10c=Cross(yt10,C);
//Resistance approaching
ax1=C<xt1 AND C>xt1*0.97;
ax10=C<xt10 AND C>xt10*0.97;
//Support approaching
ay1=C>yt1 AND C<yt1*1.03;
ay10=C>yt10 AND C<yt10*1.03;
//Resistance lines commentary
src1=xt1c OR xt2c OR xt3c OR xt4c OR xt5c OR xt6c OR xt7c OR xt8c OR xt9c OR xt10c
OR yt1c OR yt2c OR yt3c OR yt4c OR yt5c OR yt6c OR yt7c OR yt8c OR yt9c OR yt10c;
src2=ax1 OR ax2 OR ax3 OR ax4 OR ax5 OR ax6 OR ax7 OR ax8 OR ax9 OR ax10 OR ay1 OR
ay2 OR ay3 OR ay4 OR ay5 OR ay6 OR ay7 OR ay8 OR ay9 OR ay10;
WriteIf(src1 OR src2,"------------------------------------------","");
WriteIf(src1 OR src2,"SUPPORT/RESISTANCE COMMENTARY:\n","");
WriteIf(xt1c AND V>volAvg,"Resistance at "+xt1+" crossed with high
volume.Bullish.",
WriteIf(xt1c AND V<volAvg,"Resistance at "+xt1+" crossed, but volume is less.
caution adviced."," "))+
volume.Bullish.",
volume.Bullish.",
volume.Bullish.",
volume.Bullish.",
volume.Bullish.",
volume.Bullish.",
volume.Bullish.",
volume.Bullish.",
WriteIf(xt10c AND V>volAvg,"Resistance at "+xt10+" crossed with High
Volume.Bullish.",
caution adviced."," "));
//Support line breaks Commentary
WriteIf(yt1c AND V>volAvg,"Support at "+yt1+" is broken with high
volume.Bearish.",
WriteIf(yt1c AND V<volAvg,"Support at "+yt1+" is broken, but volume is less.
volume.Bearish.",
volume.Bearish.",
volume.Bearish.",
volume.Bearish.",
volume.Bearish.",
volume.Bearish.",
volume.Bearish.",
volume.Bearish.",
volume.Bearish.",
caution adviced."," "));
//Resistance approaching Commentary
WriteIf(ax1 AND tls>0, "Price Approaching resistance at "+xt1+ ". ","")+
WriteIf(ax10 AND tls>0, "Price Approaching resistance at "+xt10+ ". ","");
WriteIf(ay1 AND tls<0, "Price Approaching Support at "+yt1+ ". ","")+
WriteIf(ay10 AND tls<0, "Price Approaching Support at "+yt10+ ". ","");
_SECTION_END();
//==========================================================================|
// Volume Lines Module |
//==========================================================================|
// AFL Karthikmarar
// HIGH VOLUME LINES AFL VERSION 1.00
// Provids upto total 20 lines. Number of lines Adjustable from Parameter window
_SECTION_BEGIN("High Volume Lines");
vr=ParamToggle("Plot High volume lines","No|Yes" ,0);
j=Param("No.of High vol Lines",5,1,20,1);
k=Param("Volume factor",2,1.5,3,0.5);
y=Cum(1);
Hk1=V>k*volAvg;
//High volume detection
hx1=LastValue(ValueWhen(hk1,y,1));
//values when High volume occured
XV1 =LastValue(ValueWhen(hk1,H,1));
XV11 =LastValue(ValueWhen(hk1,C,11));
LastBar = Cum(1) == LastValue(Cum(1));
//plot High Volume lines
Plot(IIf(y>hx1 AND j>=1 AND Vr,xv1,Null),"v1",colorYellow);
_SECTION_END();
//=================================================================================
===================================================================================
========================
_SECTION_BEGIN("Exploration");
Lq=V;
Lqok=Lq>100000;
Filter= (upThrustBar OR upThrustCond2 OR upThrustCond3 OR strengthDown OR

strengthDown0 OR strengthDown1 OR strengthDown2 OR effortUp OR effortDown OR
stopVolume OR PseudoUpThrust OR pseudoUtCond
OR trendChange OR lowVolTest OR lowVolTest1 OR topRevBar OR lowVolTest2 OR
buyCond OR noDemandBarUt OR noDemandBarDt OR effortUpfail) AND Lqok;
tcolor = IIf(strengthDown OR strengthDown1 OR buyCond, 42, IIf(buycond ,
colorPaleGreen, IIf(strengthDown2, colorPaleGreen,
IIf(upThrustBar OR upThrustCond1 OR sellcond, 33, IIf(upThrustCond2 OR
upThrustCond3, 25, IIf(effortUp, colorLime, IIf(effortDown,colorRed,
IIf(PseudoUpThrust,33,
IIf(pseudoUtCond OR noDemandBarUt,colorOrange, IIf(strengthDown0 OR
noSupplyBar OR lowVolTest OR lowVolTest1 OR lowVolTest2,42, IIf(stopVolume OR
revUpThrust,42, IIf(upThrustCond1,colorOrange,
IIf(trendChange,33,colorBlack)))))))))))));
AddTextColumn(
WriteIf (upThrustBar, "Sign of weakness. ",
WriteIf (upThrustCond1 , "Confirmed weakness. ",
WriteIf (upThrustCond2 AND NOT upThrustCond1 , "Confirms weakness.",
WriteIf (upThrustCond3 , "Confirms weakness",
WriteIf (strengthDown1, "strength returning. ",
WriteIf (strengthDown0 AND NOT strengthDown, "strength returning. ",
WriteIf (strengthDown AND NOT strengthDown1, "strength returning. ",
WriteIf (lowVolTest , "Test for supply. ",
WriteIf (lowVolTest2 , "confirms strength. ",
WriteIf (buyCond, "Change of sentiment to Positive ",
WriteIf (Sellcond, "Change of sentiment to Negative ",
WriteIf (PseudoUpThrust, "Sign of Weakness. ",
WriteIf (topRevBar, "Top Reversal. Sign of Weakness. ",
WriteIf (pseudoUtCond, "Confirms weakness. ",
WriteIf (lowVolTest1, "Sign of Strength. ",
WriteIf (strengthDown2, "Indicates strength. ",
WriteIf (noSupplyBar, "Indicates strength. ",
WriteIf (trendChange, "Indicates weakness. ",
WriteIf (noDemandBarUt, "A sign of Weakness. ",
WriteIf (noDemandBarDT, "A sign of Weakness. ",
WriteIf (stopVolume, "End of bearishnees near ",
WriteIf (revUpThrust, "End of bearishnees near ",
WriteIf (effortUp, "Bullish sign ",
WriteIf (effortDown , "Bearish sign ",
WriteIf (effortDownfail , "Bullish sign ",
WriteIf (effortUpfail, "Bearish sign ","")))))))))))))))))))))))))), "Signal" , 1,
colorDefault, tcolor,110);
AddTextColumn(
WriteIf (upThrustBar, " An Upthrust Bar. ",
WriteIf (upThrustCond1, " A downbar after an Upthrust. ",
WriteIf (upThrustCond2 AND NOT upThrustCond1, " A High Volume downbar after an
Upthrust.",
WriteIf (upThrustCond3, "This upthrust at very High Voume.",
WriteIf (strengthDown1, "Strength seen returning after a down trend. ",
WriteIf (strengthDown0 AND NOT strengthDown, "Strength seen returning after a down
trend. ",
WriteIf (strengthDown AND NOT strengthDown1, "Strength seen returning after a long
down trend. ",
WriteIf (lowVolTest , "Test for supply. ",
WriteIf (lowVolTest2, "An Upbar after sucessful Test, Confirms strength ",
WriteIf (buyCond, "Possible end of downtrend and start of uptrend soon",
WriteIf (Sellcond, "Possible end of Uptrend and start of Downtrend soon",
WriteIf (PseudoUpThrust, "Psuedo UpThrust. ",
WriteIf (topRevBar, "Top Reversal Bar. Caution. The probability of end of the
current upmove is High",
WriteIf (pseudoUtCond, "A Down Bar closing down after a Pseudo Upthrust. ",
WriteIf (lowVolTest1, "Test for supply in a uptrend. ",
WriteIf (strengthDown2, "High volume upbar closing on the high. ",
WriteIf (trendChange, "High volume Downbar after an upmove on high volume. ",
WriteIf (noDemandBarUt, "No Demand in a uptrend. A sign of Weakness. ",
WriteIf (noDemandBarDt, "No Demand. Uptrend unlikely soon. ",
WriteIf (stopVolume, "Stopping volume. ",
WriteIf (noSupplyBar, "No Supply. A sign of strength",
WriteIf (revUpThrust, "Reverse UpThrust. ",
WriteIf (effortUp, "Effort to Rise. ",
WriteIf (effortDown , "Effort to Fall. ",
WriteIf (effortUpfail, "Effort to Down up has failed. ",
WriteIf (effortUpfail, "Effort to Move up has failed.
","")))))))))))))))))))))))))), "Condition" , 1, colorDefault, tcolor,250);
_SECTION_END ();
//===========================================================================

5268

Diunggah oleh

Informasi Dokumen

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

5268

Diunggah oleh

Hak Cipta:

Format Tersedia

// Downloaded From www.WiseStockTrader.

//===================== Basic Definitions =======================================

//========================Trend Estimation =========================

minperiodsRWIlt = Param ( "Long Term Min Periods", 10, 1, 32, 1);

Ground = RWIHi (minperiodsRWIst, maxperiodsRWIst);

WriteIf (upThrustBartrue, " An Upthrust Bar. A Sure sign of weakness. ","")+

("\n Volume: ")+WriteIf(V>volAvg*2,EncodeColor(colorGreen)+"Very

//=============================== PLOT SHAPES SECTION============================

if( Status("action") == actionCommentary ) printf ( "====================

WriteIf(upThrustBartrue , "\nUp-thrusts are designed to catch stops and to mislead

WriteIf(upThrustCond2 , "\nAlso here the volume is high( Above Average).This is a

Filter= (upThrustBar OR upThrustCond2 OR upThrustCond3 OR strengthDown OR

Anda mungkin juga menyukai