BalanceOfMarketPower.efs
EFSLibrary - Discussion Board
File Name: BalanceOfMarketPower.efs
Description:
Balance Of Market Power, by Igor Livshin
Formula Parameters:
- Length: 14
- Line Thickness: 2
- Line Color: Green
- Display Cursor Labels: True
Notes:
The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
BalanceOfMarketPower.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2008. All rights reserved. This sample eSignal
Formula Script (EFS) is for educational purposes only and may be
modified and saved under a new file name. eSignal is not responsible
for the functionality once modified. eSignal reserves the right
to modify and overwrite this EFS file with each new release.
Description:
Balance Of Market Power, by Igor Livshin
Version: 1.0 12/05/2008
Formula Parameters: Default:
Length 14
Line Thickness 2
Line Color Green
Display Cursor Labels True
Notes:
The related article is copyrighted material. If you are not
a subscriber of Stocks & Commodities, please visit www.traders.com.
**********************************/
var fpArray = new Array();
var bInit = false;
var bVersion = null;
function preMain() {
setPriceStudy(false);
setShowCursorLabel(false);
setShowTitleParameters( false );
setStudyTitle("Balance Of Market Power");
setCursorLabelName("BMP", 0);
setDefaultBarFgColor(Color.red, 0);
setPlotType(PLOTTYPE_LINE, 0);
setDefaultBarThickness(2, 0);
askForInput();
var x=0;
fpArray[x] = new FunctionParameter("LineColor", FunctionParameter.COLOR);
with(fpArray[x++]){
setName("Line Color");
setDefault(Color.green);
}
fpArray[x] = new FunctionParameter("ViewValue", FunctionParameter.BOOLEAN);
with(fpArray[x++]){
setName("Display Cursor Labels");
setDefault(true);
}
fpArray[x] = new FunctionParameter("Length", FunctionParameter.NUMBER);
with(fpArray[x++]){
setLowerLimit(1);
setDefault(14);
}
fpArray[x] = new FunctionParameter("Thickness", FunctionParameter.NUMBER);
with(fpArray[x++]){
setName("Line Thickness");
setLowerLimit(1);
setDefault(2);
}
}
var xPrev_BMP = null;
var xBMP = null;
function main(Length, Thickness, LineColor, ViewValue) {
var nBMP = 0;
if (bVersion == null) bVersion = verify();
if (bVersion == false) return;
if ( bInit == false ) {
setDefaultBarFgColor(LineColor, 0);
setDefaultBarThickness(Thickness, 0);
setShowCursorLabel(ViewValue);
xPrev_BMP = efsInternal("Calc_BMP");
xBMP = sma(Length, xPrev_BMP);
bInit = true;
}
nBMP = xBMP.getValue(0);
return nBMP;
}
function Calc_BMP(){
var nRes = 0;
if (high(0) - low(0) == 0) return;
nRes = (close(0) - open(0)) / (high(0) - low(0));
if (nRes == null) nRes = 1;
return nRes;
}
function verify() {
var b = false;
if (getBuildNumber() < 779) {
drawTextAbsolute(5, 35, "This study requires version 8.0 or later.",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "error");
drawTextAbsolute(5, 20, "Click HERE to upgrade.@URL=http://www.esignal.com/download/default.asp",
Color.white, Color.blue, Text.RELATIVETOBOTTOM|Text.RELATIVETOLEFT|Text.BOLD|Text.LEFT,
null, 13, "upgrade");
return b;
} else {
b = true;
}
return b;
}