//------------------------------------------------------------------------------

//
// Formula Name: Price-Volume Rank
// Author/Uploader: Tomasz Janeczko
// E-mail: tj@amibroker.com
// Date/Time Added: 2001-06-16 08:29:55
// Origin: Presented in TASC magazine
// Keywords: oscillator
// Level: basic
// Flags: indicator
// Formula URL: http://www.amibroker.com/library/formula.php?id=14
// Details URL: http://www.amibroker.com/library/detail.php?id=14
//
//------------------------------------------------------------------------------
//
// A Price Volume Rank. Buy/Sell at 5/10-day crossovers. Buy when fast line
// crosses below 2.5. Sell when fast line crosses above 2.5. Use turn-around
// points cautiously. Remember that a climbing PVR line indicates a weakening
// market. Make another indicator using a double-smoothing to use a less
// volatile graph. Thanks to Donald Dalley for the description
//
//------------------------------------------------------------------------------

/* Price-Volume Rank Indicator

Use a 1 if price and volume are up
Use a 2 if price is up and volume is down
Use a 3 if price and volume are down
Use a 4 if price is down and volume is up

Plot a 5-day and a 10-day MA of these values.

Buy/Sell at 5/10-day crossovers.
Buy when fast line crosses below 2.5.
Sell when fast line crosses above 2.5.

Use turn-around points cautiously.

Remember that a climbing PVR line indicates a
weakening market.
Make another indicator using a double-smoothing
to use a less volatile graph.
*/

P1 = REF( CLOSE, -1 );
V1 = REF( VOLUME, -1);

PVR = IIF( CLOSE > P1 AND VOLUME > V1, 1,

IIF( CLOSE > P1 AND VOLUME <= V1, 2,
IIF( CLOSE <= P1 AND VOLUME <= V1, 3, 4 )));

GRAPH0 = MA( PVR, 5 );

GRAPH1 = MA( PVR, 10 ) ;