BalanceOfMarketPower.efs
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; }