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  • Volume Biased ADX - Afl

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    mamunmn
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    This document provides an indicator script for calculating a Volume Biased Average Directional Index (VADX) technical indicator in 3 steps: 1) It calculates volume factors using a moving average of volume and divides current volume by the average. 2) It uses the volume factors to calculate positive and negative directional movement values, which are then used to calculate a raw ADX. 3) It applies a moving average to the raw ADX to generate the final VADX value, along with +DI and -DI lines, which are then plotted on a chart.

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    Volume Biased ADX.afl

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    This document provides an indicator script for calculating a Volume Biased Average Directional Index (VADX) technical indicator in 3 steps: 1) It calculates volume factors using a moving average of volume and divides current volume by the average. 2) It uses the volume factors to calculate positive and negative directional movement values, which are then used to calculate a raw ADX. 3) It applies a moving average to the raw ADX to generate the final VADX value, along with +DI and -DI lines, which are then plotted on a chart.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    466 views1 page

    Volume Biased ADX - Afl

    Uploaded by

    mamunmn
    This document provides an indicator script for calculating a Volume Biased Average Directional Index (VADX) technical indicator in 3 steps: 1) It calculates volume factors using a moving average of volume and divides current volume by the average. 2) It uses the volume factors to calculate positive and negative directional movement values, which are then used to calculate a raw ADX. 3) It applies a moving average to the raw ADX to generate the final VADX value, along with +DI and -DI lines, which are then plotted on a chart.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
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    //Indicator - Volume Biased ADX // By Karthik Marar - www.karthikmarar.blogspot.com // Public release for personal use only.

    //Please do not commercialize this indicator in its original or modified form. // _SECTION_BEGIN("Volume Biased ADX"); SetBarsRequired(200,0); GraphXSpace = 5; Vlp = Param("Volume lookback period",30,20,300,10); TP = Param("Time Periods",14,1,50); Vrg = MA(V,Vlp);// average volume Vf = V / Vrg;// Volume Factor adplus = abs(High-Ref(High,-1))*Vf; adminus = abs(Ref(Low,-1)-Low) *Vf; PlusDM = IIf(High>Ref(High,-1) AND Low>=Ref(Low,-1), adplus, IIf(High>Ref(High,-1) AND Low<Ref(Low,-1)AND High-Ref(High,-1)>Ref(Low,-1)-Low,a dplus, 0)); DIPlus= 100 * MA(PlusDM,TP) / ATR (TP); MinusDM= IIf(Low<Ref(Low,-1) AND High<=Ref(High,-1), adminus, IIf(High>Ref(High,-1) AND Low<Ref(Low,-1)AND High-Ref(High,-1)<Ref(Low,-1)-Low,a dminus, 0)); DIMinus = 100 * MA(MinusDM,TP) / ATR (TP); Diff= abs(DIPlus - DIMinus); DISum= DIPlus + DIMinus; ADXRaw= 100 * Wilders(Diff/DISum, TP); Plot (ADXRaw,"VADX",ParamColor( "ADX color", colorLightBlue ),1|styleThick); Plot (DiPlus,"DI+",ParamColor( "+DI color", colorGreen ),1|styleThick); Plot (DiMinus,"DI-",ParamColor( "-DI color", colorRed),1|styleThick); _SECTION_END();

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