//+-----------------------------------+
//| On Balance Volume with price bias |
//+-----------------------------------+
#property copyright "Ron Thompson"
#property link "http://www.lightpatch.com/forex/"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 White
//---- buffers
double Buffer1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//|------------------------------------------------------------------|
int init()
{
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0, Buffer1);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
double p=Point();
int pos=Bars-100;
int ctr=0;
double vol0, vol1;
double vaccum;
double close0, close1;
double gainloss;
while(pos>=0)
{
vol1=Volume[pos+1];
vol0=Volume[pos];
close1=Close[pos+1];
close0=Close[pos];
if (close0>close1) gainloss=(close0-close1)/p;
if (close0<close1) gainloss=(close1-close0)/p;
if (close0>close1) vaccum=vaccum+(vol0*gainloss);
if (close0<close1) vaccum=vaccum-(vol0*gainloss);
Buffer1[pos]=vaccum;
pos--;
}
return(0);
}
//+------------------------------------------------------------------+
Sample
Analysis
Market Information Used:
Series array that contains tick volumes of each bar
Series array that contains close prices for each bar
Indicator Curves created:
Implements a curve of type DRAW_LINE
Indicators Used:
Custom Indicators Used:
Order Management characteristics:
Other Features: