colster
Junior Member
Posts: 7
Registered: 24-8-2008
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posted on 4-8-2009 at 10:41 AM
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Adjusted volume formula for pesky volume spikes
Hi, in Leon Wilson's trading books he talks about how he overcomes the problem of volume spikes dwarfing the volume histogram making it difficult to
analyse (until the spike passes from the screen) by "lopping" off the top of these spikes. On p.114 "The Next Step to Share Trading Success" he
gives a formula which I cant get to work because the following error message comes:
A leading quote (") for a text constant expected. (e.g. "ABC")
The formula he gives looks like this (and i have triple checked my typing), can anyone help me to get it working? Many thanks, Colin...
MovAveA:=Input('Short Term Moving Average on Volume',3,34,5); MovAveB:=Input('Long Term Moving Average on Volume',35,250,50);
MaxVal:=Input('Maximum Allowable Volume',0.1,5,2);
MaxVol:=MaxVal*(Mov(VOLUME,MovAveB,E));Adjustment:=VOLUME-(VOLUME-MaxVol);
If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME));Mov(If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME)),MovAveA,E);M
ov(If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME)),MovAveB,E);
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henry1224
Junior Member
Posts: 4
Registered: 1-9-2004
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posted on 8-8-2010 at 03:52 PM
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MovAveA:=Input("Short Term Moving Average on Volume",3,34,5); MovAveB:=Input("Long Term Moving Average on Volume",35,250,50);
MaxVal:=Input("Maximum Allowable Volume",0.1,5,2);
MaxVol:=MaxVal*(Mov(VOLUME,MovAveB,E));
Adjustment:=VOLUME-(VOLUME-MaxVol);
If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME));Mov(If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME)),MovAveA,E);<
br />
Mov(If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME)),MovAveB,E);
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