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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Enhance On Balance Volume

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stockhunter
Posted : Saturday, December 13, 2008 9:31:45 PM
Registered User
Joined: 10/7/2004
Posts: 35
 How would I create this slightly different take on OBV ? tia

Cumulative total of (volume * ((high-open) / (high-low)))  -

Cumulative total of (volume * ((open-low) /  (high-low)))
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Bruce_L
Posted : Tuesday, December 16, 2008 8:19:46 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 Please try the following:

Select Chart Template | Add Indicator | Cumulative.
- Visible: Checked
- Smoothing Average: 1
- Average Type: Doesn't matter (because the Smoothing Average is 1).
- Up Condition: C < C + 1
- Down Condition: C > C + 1
- Value To Add/Subtract: V * ((H + L - 2 * O) / (H - L + .00001))

PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
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stockhunter
Posted : Tuesday, December 16, 2008 8:58:49 AM
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Joined: 10/7/2004
Posts: 35
 Thanks Bruce . Much appreciated !
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Bruce_L
Posted : Tuesday, December 16, 2008 8:59:28 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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