Plot Volume condition

January 11th, 2014, 08:58 AM

Hi experts,

I need a help with an indicator for TradeStation: I am looking for a volume indicator that will plot a point only when the volume is greater than 100.000. When the volume is less than 100.000 nothing will be plotted.
For example: A daily volume from a stock is:
150.000, 80.000, 75.000, 60.000, 250.000, 300.000, 120.000, 70.000, 99.999, 220.000

The Indicator should be: � ��

Who can help me? Has someone a better idea?

Thanks for the support,

Jacare

ABCTG · January 11th, 2014, 05:14 PM

Hi jacare,

this code can do what you want. Simply set the plot style to point or cross.

Code

inputs:  VolumeThreshold( 100000 ) ;
variables:  VolumeValue( 0 ) ;

if BarType >= 2 and BarType < 5 then { not tick/minute data nor an advanced chart
 type (Kagi, Renko, Kase etc.) }
	VolumeValue = Volume
else { if tick/minute data or an advanced chart type;  in the case of minute data,
 also set the "For volume, use:" field in the Format Symbol dialog to Trade Vol or
 Tick Count, as desired;  when using advanced chart types, Ticks returns volume if
 the chart is built from 1-tick interval data }
	VolumeValue = Ticks ;
If VolumeValue >= VolumeThreshold then	
	Plot1( 0, "Volume" );

Regards,
ABCTG

February 3rd, 2014, 07:58 AM

Hi ABCTG,

it worked great. How can I have a volume average from the last 5 days great than 100.000? If I am checking a weekly chart, I want to see plotted only when the volume avarege from the last 5 days is bigger than 100.000.

Really really thanks for the help. I tried but I have no idea about programming.

Cheers,

Jacare

ABCTG · February 4th, 2014, 03:20 AM

Jacare,

if you work on a weekly chart and want to average the volume of the last 5 days (and not the week itself) you will need a second data stream.
Make the weekly bars Data1 and add daily bars as Data2. The this code can serve as a starting point for what you have in mind:

Code

inputs:  AverageLength( 5 ), VolumeThreshold( 100000 ) ;
variables:  VolumeValue( 0, Data2 ), VolumeAvg( 0, Data2 );

if BarType Data2 >= 2 and BarType Data2 < 5 then { not tick/minute data nor an advanced chart
 type (Kagi, Renko, Kase etc.) }
	VolumeValue = Volume Data2
else { if tick/minute data or an advanced chart type;  in the case of minute data,
 also set the "For volume, use:" field in the Format Symbol dialog to Trade Vol or
 Tick Count, as desired;  when using advanced chart types, Ticks returns volume if
 the chart is built from 1-tick interval data }
	VolumeValue = Ticks Data2;
		
VolumeAvg = Average( VolumeValue, AverageLength );
	
If VolumeAvg >= VolumeThreshold then	
	Plot1( 0, "Volume" );

Regards,
ABCTG

Plot Volume condition

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Plot Volume condition