help needed: volume momentum indicator using gomi's framework

March 18th, 2010, 07:33 PM

Can anyone help cunparis out with this volume momentum indicator using gomi's framework?

Hi guys,

recently I had a trial of Market Delta charting platform, they have some awesome indicator, I might say, called Volume Breakdown, it's very very accurate in spotting divergences (I can say that in 1 month of trial I took more than 20 …

March 18th, 2010, 07:35 PM

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);

May 24th, 2010, 10:16 AM

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

May 24th, 2010, 10:00 PM

Zondor

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

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

October 18th, 2010, 03:35 AM

Very interesting. Thanks

help needed: volume momentum indicator using gomi's framework

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help needed: volume momentum indicator using gomi's framework