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Zondor
VIP Only, please do not distribute outside of the Elite Circle.
Mike's version, posted in June of 2009, was downloaded almost 700 times!
It colors the volume bars based on a sophisticated linear regression analysis without using bid ask volume data. It corresponds well with Delta Momentum generated from GomRecorder buy/sell volume.
I applied Richard's optimization method from his article, aboot the right way to call external indicators, at MoveTheMarkets.com. (eh?)
This greatly improves the performance, so much so that in NT7 it can run with CalculateOnBarClose = false. However, DO NOT run it this way. CoBC must be true for it to calculate correctly... for now.
VIP Only, please do not distribute outside of the Elite Circle. It's based on Mike's Version 2.02 from February. This plots the same as Mike's except for two differences.
Quick Start Modification causes value of CMA to rapidly converge to the correct value within a few bars of startup.
The method of calling the EMA's was changed for greater efficiency. This causes initial loading to be much faster, and resource use while indicator runs to be much lower. Thanks to Richard of MoveTheMarkets.com for his excellent article about this subject.
To see the envelope bands, chart must go back at least one day. Bands begin to display on the second day.
As in original version, all band colors are hard coded and are best for a chart with a dark background.
June 12th, 2016 11:31 AM dilbert618 Thank you Zondor
September 26th, 2015 08:07 AM PharmDoc Great work
February 12th, 2013 07:03 PM OpalDragon Epically awesome sir... Thank you very very much! Would love the option for the little diamonds to appear right on to
p of the bars on the chart...
with out any left scale - just diamonds on the chart
all I would need is to know that there is divergence it is so just diamonds appearing on top of the bar would be gr
eat -- but it is freakin awesome!
November 20th, 2010 03:42 AM MasterSeer Thanks So Much for your great contribution to my profitable trading!