AnthonyAlexander

True Volume Strength v0

Feb 8th, 2019
53
0
Never
Not a member of Pastebin yet? Sign Up, it unlocks many cool features!
text 1.07 KB | None | 0 0
  1. //@version=2
  2. study("True Volume Strength")
  3.  
  4.  
  5. //x1 = efi <= lowest(efi,252)
  6.  
  7.  
  8.  
  9. UpperLim = highest(high,10)
  10. LowerLim = lowest(low,10)
  11.  
  12. lowerlim1 = LowerLim[1]
  13.  
  14. at10dayhi = high == UpperLim
  15.  
  16. at10daylo = low == LowerLim
  17.  
  18. loisarisin = LowerLim > lowerlim1
  19.  
  20. trade = at10dayhi + at10daylo
  21.  
  22. var21 = highest(volume,5)
  23. var22 = lowest(volume,5)
  24. var23 = volume-var22
  25. var24 = var21-var22
  26. var25 = var23/var24
  27.  
  28. VOLK = var25*100
  29. VOLD = sma(VOLK,5)
  30.  
  31. //var1 = high >= highest(high,5)
  32. //lo5 = low <= lowest(low,5)
  33.  
  34. var1 = highest(high,5)
  35. lo5 = lowest(low,5)
  36.  
  37. var3 = close-lo5
  38. var4 = var1-lo5
  39. var5 = var3/var4
  40.  
  41. PRICEK = var5*100
  42. PRICED = sma(PRICEK,5)
  43.  
  44. bear = crossover(VOLD,PRICED)
  45. bull = crossover(PRICED,VOLD)
  46.  
  47. alertcondition(bull, title='Buyers Overweigh Sellers', message='Bullish Volume!')
  48. alertcondition(bear, title='Sellers Overweigh Buyers', message='Bearish Volume!')
  49.  
  50. plot(VOLD,color=red,style=histogram,title="Sell Pressure",linewidth=4,transp=0)
  51. plot(PRICED,color=green,style=histogram,title="Buy Pressure",linewidth=4,transp=0)
  52. ///
Add Comment
Please, Sign In to add comment