// Downloaded From https://www.WiseStockTrader.com //------------------------------------------------------------------------------ // WITH (Volume At Price)I HOPE IT WORKS !!! // //------------------------------------------------------------------------------ _SECTION_BEGIN("Individual"); #include @LastBacktestFormula MaxGraph=0;GraphXSpace=5; GraphZOrder=1; Plot( Equity( 0, -2 ), "Equity", -8, styleArea ); if( ParamToggle("Show Buy-and-Hold?", "No|Yes", 1 ) ) { /* now buy and hold simulation */ Short=Cover=0; Buy=Status("firstbarintest"); Sell=Status("lastbarintest"); SetTradeDelays(0,0,0,0); PositionSize = -100; ApplyStop(0,0,0,0); ApplyStop(1,0,0,0); ApplyStop(2,0,0,0); Plot( Equity( 0, -2 ), "Buy&Hold", -9 ); } _SECTION_END(); _SECTION_BEGIN("Volume"); Plot( Volume, _DEFAULT_NAME(), ParamColor("Color", colorLavender ), styleNoTitle | ParamStyle( "Style", styleHistogram | styleOwnScale | styleThick | styleNoLabel, maskHistogram ), 2 ); _SECTION_END(); _SECTION_BEGIN("Price Interpretation"); movshort = ParamField("Short Time MA", 8 ); movmed = ParamField("Mid Time MA", 9 ); movlong = ParamField("Long Time MA", 10 ); btop = ParamField("BBTop", 11 ); bbot = ParamField("BBBottom", 12 ); if( Status("action") == actionCommentary ) { width = btop - bbot; lslop = LinRegSlope( C, 30 ) + 100; lslo = LLV( lslop, 90 ); lshi = HHV( lslop, 90 ); lswidth = lshi - lslo; trend = 100*( lslop - lslo )/lswidth; mawidth = MA( width, 100 ); relwidth = 100*(width - mawidth)/mawidth; _N( tname = Name()+"("+FullName()+")" ); printf("Price and moving averages:\n"); printf( tname + " has closed " + WriteIf( C > movshort, "above" , "below" ) + " its Short time moving average. "); printf("\nShort time moving average is currently " + WriteIf( movshort > movmed, "above", "below") + " mid-time, AND " + WriteIf( movshort > movlong, "above", "below" ) + " long time moving averages."); printf("\nThe relationship between price and moving averages is: "+ WriteIf( C > movshort AND movshort > movmed, "bullish", WriteIf( C < movshort AND movshort < movmed, "bearish", "neutral" ) ) + " in short-term, and "+ WriteIf( movshort > movmed AND movmed > movlong , "bullish", WriteIf( movshort < movmed AND movmed < movlong, "bearish", "neutral" ) ) + " in mid-long term. "); printf("\n\nBollinger Bands:\n"); printf(tname+ " has closed " + WriteIf( C < bbot, "below the lower band by " + WriteVal( 100 *( bbot-C )/ width, 1.1 ) + "%%. " + WriteIf( trend < 30, " This combined with the steep downtrend can suggest that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.", WriteIf( trend > 30 AND trend < 70, "Although prices have broken the lower band and a downside breakout is possible, the most likely scenario for "+tname+" is to continue within current trading range.", "" ) ), "" ) + WriteIf( C > btop, "above the upper band by " + WriteVal( 100 *( C- btop )/ width, 1.1 ) + "%%. " + WriteIf( trend > 70, " This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.", WriteIf( trend > 30 AND trend < 70, "Although prices have broken the upper band and a upside breakout is possible, the most likely scenario for "+tname+" is to continue within current trading range.", "" ) ), "" ) + WriteIf( C < btop AND ( ( btop - C ) / width ) < 0.5, "below upper band by " + WriteVal( 100 *( btop - C )/ width, 1.1 ) + "%%. ", WriteIf( C < btop AND C > bbot , "above bottom band by " + WriteVal( 100 *( C - bbot )/ width, 1.1 ) + "%%. ", "" ) )); printf("\n"+ WriteIf( ( trend > 30 AND trend < 70 AND ( C > btop OR C < bbot ) ) AND abs(relwidth) > 40, "This picture becomes somewhat unclear due to the fact that Bollinger Bands are currently", "Bollinger Bands are " )+ WriteVal( abs( relwidth ), 1.1 ) + "%% " + WriteIf( relwidth > 0, "wider" , "narrower" ) + " than normal."); printf("\n"); printf( WriteIf( abs( relwidth ) < 40, "The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.","")+ WriteIf( relwidth < -40, "The narrow width of the bands suggests low volatility as compared to " + tname + "'s normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. "+ "The bands have been in this narrow range for " + WriteVal(BarsSince(Cross(-40,relwidth)),1.0) + " bars. The probability of a significant price move increases the longer the bands remain in this narrow range." ,"")+ WriteIf( relwidth > 40, "The large width of the bands suggest high volatility as compared to " + tname + "'s normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. "+ "The bands have been in this wide range for " + WriteVal(BarsSince(Cross(relwidth,40)),1.0) + " bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range." ,"")); printf("\n\nThis commentary is not a recommendation to buy or sell. Use at your own risk."); } _SECTION_END(); _SECTION_BEGIN("Volume At Price"); PlotVAPOverlay( Param("Lines", 300, 100, 1000, 1 ), Param("Width", 5, 1, 100, 1 ), ParamColor("Color", colorCycle ), ParamToggle("Side", "Left|Right" ) | 4*ParamToggle("Z-order", "On top|Behind", 1 ) ); _SECTION_END();