Volume Price Confirmation Indicator
In his article, "Between Price And Volume," Buff Dormeier has demonstrated that adding the volume price confirmation indicator (VPCI) to your arsenal of trading techniques resulted in improved trading performance.
Tradecision's Function Builder enables you to recreate the VPCI
function:
function (LongPeriod:numeric=50,
ShortPeriod:numeric=10):Numeric;
var
sv:=VWMA(C,ShortPeriod);
ss:=SMA(C,ShortPeriod);
sva:=SMA(V,ShortPeriod);
lva:=SMA(V,LongPeriod);
VPC:=sv-ss;
VPR:=sv/ss;
VM:=sva/lva;
end_var
return VPC * VPR * VM;
For the creation of the VPCI strategy, use
Strategy Builder:
Entry Long
return CrossAbove( VPCI(50,10),
SMA(VPCI(50,10),10) );
Entry Short
return CrossBelow( VPCI(50,10),
SMA(VPCI(50,10),10) );
|
Download to import into Tradecision. 
How to use this indicator in Tradecision:
- Click Download.
- Save this indicator in a safe location on your hard drive.
- Open Tradecision and in the Tools menu click Indicator Builder.
- In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
|
