I want to make a "price momentum divided by volume" indicator. It requires price and volume enterred into a OEC custom indicator.

Is there a way to enter two variables into an OEC indicator?
Does OEC have an indicator that I can modify?

And if someone points me to that OEC's programming pdf (https://futuresonline.com/includes/pdf/softinstall_instructions/CustomIndicators.pdf ) , I will shoot them!!!

I'm familiar enough with Wizard and Csharp to make indicators that are function of other indicators of other indicators. E.g. moving average of stochastic of another stochastic.

Thanks!!!

Right click in the chart and go to Indicators > New Custom Indicator.

"Category" is the name of the folder you wish to have indicator stored.
Name and Short Name is the indicator name you wish to name the item.

Here is a sample formula (or called "Expression"):
Momentum(Input, 12)/Volume

Click on Compile.

Thankyou very much Chris,

It does compile. I thought I tried using "Volume" before but it wouldn't compile. By volume, I think it means just volume for the current bar, and not the sum of the volumes over the momentum's range. That's easy to fix by taking the simple moving average and multiplying by the range.

Momentum has me confused. I think OEC's momentum is momentum (close minus close 12 bars ago) divided by 100, then 100 is added to it? This doesn't matter since I will be taking the ratio of momentum/volume for a short range, and dividing it by the ration of momentum/volume for a longer range. The theory is that momentum dived by volume shows the strength of a move. Ya, I know the other theories are the product of rnage and volume shows the strength.

This is Al Gietzen's reactivity indicator.

Thanks again!!

the indicator is useless on a 4 tick range chart. I'm hooked on the 8 ticks stop loss on entry, move to break even after a 4 tick profit is shown. Then the exit stop follows current price, but hangs back 4 ticks. And take a profit at 8 ticks

The Jim Cox White Bar indicator gives good results on the 8 4 1 8 trade method describe above. The white bar strategy gives a signal when price backs off from a recent Bollinger high low value, and intersects the 21 sma. But it doesn't always give the signal.

I'm so confused now, think I'll take a nap!!