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

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

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

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