- Katılım
- 23 Eki 2020
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Markos Katsanos' article "Detecting Breakouts" includes the MetaStock formula for the finite volume elements (FVE) indicator. However, Katsanos lists six methods of detecting a divergence between the FVE and price. Three of those were formula-based. As no actual buy or sell signals were included, these are provided as indicators only. Linear Regression Slope method: |
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Finite Volume Elements (FVE) - Lin Reg Slope pds:=Input("period for FVE",10,80,22); pds1:=Input("period for regression line",5,100,35); mf:=C-(H+L)/2+Typical()-Ref(Typical(),-1); fve:=Sum(If(mf>0.3*C/100,+V, If(mf<-0.3*C/100,-V,0)),pds) /Mov(V,pds,S)/pds*100; If(LinRegSlope(fve,pds1)>0,1,-1)- If(LinRegSlope(C,pds1)>0,1,-1); |
Finite Volume Elements (FVE) - %B
pds:=Input("period for FVE",10,80,22);
pds1:=Input("periods for bollinger bands",10,80,20);
mf:=C-(H+L)/2+Typical()-Ref(Typical(),-1);
fve:=Sum(If(mf>0.3*C/100,+V, If(mf<-0.3*C/100,-V,0)),pds)
/Mov(V,pds,S)/pds*100;
bbfve:=(fve-BBandBot(fve,pds1,S,2))
/(BBandTop(fve,pds1,S,2)-BBandBot(fve,pds1,S,2));
bbc:=(C-BBandBot(C,pds1,S,2))/(BBandTop(C,pds1,S,2)
-BBandBot(C,pds1,S,2));
bbfve-bbc
Finite Volume Elements (FVE) - Storz's Divergence
pds:=Input("period for FVE",10,80,22);
z:=Input("zig zag percent",1,80,5);
r:=Input("bars used to normalize data",10,500,125);
mf:=C-(H+L)/2+Typical()-Ref(Typical(),-1);
fve:=Sum(If(mf>0.3*C/100,+V, If(mf<-0.3*C/100,-V,0)),pds)
/Mov(V,pds,S)/pds*100;
dfve:=(Peak(1,fve,z)-Peak(2,fve,z))/
(HHV(fve,r)-LLV(fve,r));
dc:=(Peak(1,C,z)-Peak(2,C,z))/
(HHV(C,r)-LLV(C,r));
dfve-dc
FVE is a money flow indicator but with two important differences from existing money flow indicators:
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