Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Modified Volume-Price Trend Indicator for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker
I was found this afl when I browses in Traders’Tips Website.
Edition : April 2010.
In “Modified Volume-Price Trend Indicator” in this issue, author David Hawkins presents his ideas about using the modified volume-price trend (Mvpt) indicator to discern what the “smart money” is doing in a stock.
Screenshots
Similar Indicators / Formulas
Kavach Of Karna v2
Submitted
by hbkwarez almost 10 years ago
Advanced Elliott Waves
Submitted
by MarcosEn over 12 years ago
3_6Day GuaiLiLv
Submitted
by motorfly over 12 years ago
Williams Alligator System
Submitted
by durgesh1712 over 12 years ago
Interactive Linear Regression Channel
Submitted
by InternetWorm over 12 years ago
*Level Breakout system*
Submitted
by Tinych over 12 years ago
Indicator / Formula
Copy & Paste Friendly
Version( 5.25 );
Level = Param("Level", 0, -100, 100 );
Scale = Param("Scale", 1, 0.1, 10, 0.1 );
AutoScale = ParamToggle("AutoScale", "No|Yes", 1 );
rV = V/50000;
AvgFour = ( O + H + L + C )/4;
MVPT = Cum( rV * (AvgFour - Ref( AvgFour, -1 ) )/Ref( AvgFour, -1 ) );
Plot( C, "Price", colorBlack, styleBar );
if( AutoScale )
{
fvb = Status("firstvisiblebar");
rangePrice = HighestVisibleValue( H ) - LowestVisibleValue( L );
rangeMVPT = HighestVisibleValue( MVPT ) - LowestVisibleValue( MVPT );
Scale = rangePrice / rangeMVPT;
MVPT *= Scale;
Level = AvgFour[ fvb ] - MVPT[ fvb ];
}
else
{
MVPT *= Scale;
}
MVPT = MVPT + Level;
Plot( MVPT, "MVPT" + StrFormat("(Scale=%g, Level=%g)", Scale, Level), colorRed, styleThick );3 comments
Leave Comment
Please login here to leave a comment.
Back
This works with Ami 5.25 or higher . Will you plz change the same so that it works on lower versions also. Thanks in advance
Subrahmanyam
Not really possible. Technically it is but its too much work sorry.
Hellow,
Can somebody explain me how to intrepete this mvpt chart?
Thanks
viswanath