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help needed: volume momentum indicator using gomi's framework


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  #1 (permalink)
 
chipotlebop's Avatar
 chipotlebop 
Pleasant Hill, CA
 
Experience: Intermediate
Platform: Tradestation
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Can anyone help cunparis out with this volume momentum indicator using gomi's framework?


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  #2 (permalink)
 
chipotlebop's Avatar
 chipotlebop 
Pleasant Hill, CA
 
Experience: Intermediate
Platform: Tradestation
Broker: Tradestation
Trading: CL, RB, HO, YG, YI, EMD, US
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I cut/pasted his post:

"Volume breakdown indicator, my favorite is delta momentum which sums up the delta as long as it's on the same side. I wrote a version for tradestation so if someone can write this for ninja using the GOM framework I would appreciate it. It's pretty simple really:

Code:
Inputs: Period(1);
Variables: UptickMom(0), myColor(Green);

Value1 = Upticks - Downticks;

if UptickMom[1] >= 0 then begin
UptickMom = IFF(Value1 > 0, UptickMom[1] + Value1, Value1);
end;
if UptickMom[1] < 0 then begin
UptickMom = IFF(Value1 < 0, UptickMom[1] + Value1, Value1);
end;

Value2 = Average(UptickMom, Period);

myColor = Green;
if Value2 < 0 then
myColor = Red;

Plot1(Value2, "UpMom", myColor);


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  #3 (permalink)
 
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 Zondor 
Portland Oregon, United States
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Let me know if this is what you are looking for.


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  #4 (permalink)
 
chipotlebop's Avatar
 chipotlebop 
Pleasant Hill, CA
 
Experience: Intermediate
Platform: Tradestation
Broker: Tradestation
Trading: CL, RB, HO, YG, YI, EMD, US
Posts: 252 since Jan 2010
Thanks Given: 369
Thanks Received: 331


Zondor View Post
Let me know if this is what you are looking for.


Yes, and thank you and Ztrade for the Ladder mod.


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  #5 (permalink)
beowulfit
Prague, Czech republic, Europe
 
Posts: 3 since Sep 2010
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Very interesting. Thanks


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Last Updated on October 18, 2010


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