Volume Direction Indicator (alert)

[danhoyda 10]

Hi everyone I am not very familiar with tradestation easy language, I got a indicator I like on this website. i think it was walter that led me to it or tams. Forgive me if I have got the person wrong.

 

I would like to add a alert when a quick increase or decrease happens. or even if a level is hit. so i know. Thanks for all the help, here is the code.

 

[LegacyColorValue = true];

 

{ WAV_Vol_3 Indicator WAV 8/20/05

 

intended for intra-day sessions only

 

plots histogram showing both upTicks and DownTicks for a bar in

real time - the larger of the 2 is always shown on top

 

plots volume average

 

plots mid-point of total average as a dot

 

}

inputs:

AvgLen(20), //length used in volume average

UpColor(green),

DnColor(red);

 

vars:

VolAvg(0), //plotted vol avg

Vol(0); //intra-bar volume (ticks)

 

//only for intra-day

if BarType < 2 then

begin

Vol = ticks; //sum of upticks and downticks

 

VolAvg = average(vol,AvgLen);

plot1(VolAvg,"Avg Vol");

 

//do not change order of following

//be sure both plot3 and plo4 are same width

if UpTicks < DownTicks then

begin

plot3(UpTicks,"UpDn",UpColor);

plot4(vol,"Total",DnColor);

end else

begin

plot3(DownTicks,"UpDn",DnColor);

plot4(vol,"Total",UpColor);

end;

 

//plot mid point of total ticks with a dot

//dot should fit within histogram

plot2(Vol/2,"Mid-Vol");

 

end;//if BarType

[phantomas 10]

do you have a link where i can see the indicator at work (image)? thanks

[Tams 20]

Please use the code tag when posting codes.

 

code tag is the icon at the top of the message window.

[danhoyda 10]

here is the chart you requested.