2017 April: Volume-Weighted Moving Average by Ken Calhoun
File Name: VWMA_Breakouts.efs
Description:
Volume-Weighted Moving Average by Ken Calhoun
Formula Parameters:
VWMA_Breakouts.efs
SMA Length: 70
WVMA Length: 50
Notes:
The related article is copyrighted material. If you are not a subscriber
of Stocks & Commodities, please visit www.traders.com.
Download File:
VWMA_Breakouts.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright c eSignal), a division of Interactive Data
Corporation. 2016. 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:
Volume-Weighted Moving Average by Ken Calhoun
Version: 1.00 02/10/2017
Formula Parameters: Default:
SMA Length 70
WVMA Length 50
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();
function preMain(){
setPriceStudy(true);
setDefaultBarFgColor(Color.#ff6a00,1);
setCursorLabelName("SMA", 0);
setCursorLabelName("VWMA", 1);
var x=0;
fpArray[x] = new FunctionParameter("SMALength", FunctionParameter.NUMBER);
with(fpArray[x++]){
setLowerLimit(1);
setUpperLimit(1000);
setDefault(70);
setName("SMA Length");
}
fpArray[x] = new FunctionParameter("VWMALength", FunctionParameter.NUMBER);
with(fpArray[x++]){
setLowerLimit(1);
setUpperLimit(1000);
setDefault(50);
setName("VWMA Length");
}
}
var bInit = false;
var bVersion = null;
var bIsLong = false;
var bWasLong = false;
var xSMA = null;
var xVWMA = null;
function main(SMALength, VWMALength){
if (bVersion == null) bVersion = verify();
if (bVersion == false) return;
if (getBarState() == BARSTATE_ALLBARS){
bInit = false;
}
if (!bInit){
bIsLong = false;
bWasLong = false;
xSMA = sma(SMALength);
xVWMA = vwma(VWMALength);
bInit = true;
}
if (xSMA.getValue(-1) == null || xVWMA.getValue(-1) == null) return;
var nSMA = xSMA.getValue(0);
var nSMA_1 = xSMA.getValue(-1);
var nVWMA = xVWMA.getValue(0);
var nVWMA_1 = xVWMA.getValue(-1);
if (nSMA > nVWMA && bIsLong){
if (nSMA_1 <= nVWMA_1){
drawTextRelative(0, AboveBar1, "\u00EA", Color.red, null, Text.PRESET|Text.CENTER, "Wingdings", 10, "Exit"+rawtime(0));
drawText("Suggested Long Exit",BottomRow1,Color.red,Text.LEFT,"TextExit"+rawtime(0));
bIsLong = false;
}
else {
removeText("Long"+rawtime(0));
removeText("Text"+rawtime(0));
}
bIsLong = false;
}
if (!bIsLong && nSMA < nVWMA){
if (nSMA_1 > nVWMA_1){
drawTextRelative(0,BelowBar1, "\u00E9", Color.green, null, Text.PRESET|Text.CENTER, "Wingdings", 10, "Long"+rawtime(0));
drawText("Suggested Long Entry",TopRow1,Color.green,Text.LEFT,"Text"+rawtime(0));
bIsLong = true;
bWasLong = true;
}
else {
removeText("Exit"+rawtime(0));
removeText("TextExit"+rawtime(0));
if (bWasLong)
bIsLong = true;
}
}
return [nSMA, nVWMA];
}
function verify(){
var b = false;
if (getBuildNumber() < 779){
drawTextAbsolute(5, 35, "This study requires version 10.6 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;
}