UpVolume / DownVolume

[ValueTrader 10]

Was just wondering how the reserved words

UpVolume / DownVolume 

is divined, i have checked my easylanguage guides, but there this no reference to them.

 

I understand what upticks/downticks is (pretty obvious) but not up/down volume,

also how reliable is the calculation.

 

 

Regards

VT

[Tams 20]

Was just wondering how the reserved words

UpVolume / DownVolume 

is divined, i have checked my easylanguage guides, but there this no reference to them.

 

I understand what upticks/downticks is (pretty obvious) but not up/down volume,

also how reliable is the calculation.

 

 

Regards

VT

 

what are you trying to achieve?

[ValueTrader 10]

im not sure yet, just playing around with different functions and codes to see what they do.

 

I knocked up a simple code that works similar to OBV using Up/Down volume, but as i say i'n not sure how its calculated or the validity of it as there is no mention of it in my reference guides.

 

Cheers

VT

 

Vars: CV(0);
CV = Upvolume-Downvolume + CV[1];
plot1(CV,"CV");

[Pony 10]

Picture volume being the speed behind the train you're trying to get on.

[ValueTrader 10]

Picture volume being the speed behind the train you're trying to get on.

 

I prefer to 'picture it' as the number of contracts traded in a given period.

 

If you'd read my original question Pony, I'm not looking for a definition of Volume.

 

I'm looking for an explaination of the Easylanguage reserved words mentioned and how the trading platform calculates these.

 

Thanks

VT