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Turnover $

Formula for: MetaStock

indicator


 

 

Views:  1028

Added: May 18, 2008
 
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Tags: MetaStock, indicator
 
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Measuring $ turnover makes more sense than comparing Volume - multiple outputs.

 

 



Code:

Turnover $ by Jose Silva
{ http://www.metastocktools.com }

{ User inputs }
thr:=Input("% Threshold of highest historical $ turnover",0,100,33)/100;
pds:=Input("Average $ turnover over x periods",
1,260,63);
plot:=Input("[1]$turnover, [2]above highest %, [3]above Avg$",1,3,1);

{ Approx $ turnover }
to:=V*WC();

{ Highest historical $ turnover }
hi:=Highest(to);

{ Avg $ turnover }
avg:=Mov(to,pds,E);

{ Above % threshold $ turnover signals }
signals1:=to>hi*thr;

{ Above avg $ turnover signals }
signals2:=to>avg;

{ Plot in own window }
If(plot=1,hi*thr,0);
If(plot=1,avg,0);
If(plot=1,to,If(plot=2,signals1,signals2))


 






Author: Jose Silva
Source: http://www.metastocktools.com

 

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