Midas.efs
File Name: Midas.efs
Description:
The following study is based on the September 2008 article, The Midas Touch, Part I, by Andrew Cole.
Formula Parameters:
- Start Date: [Enter date]
- Start Time: 00:00
Notes:
The related article is copyrighted material. If you are not a subscriber of Stocks & Commodities, please visit www.traders.com.
Download File:
Midas.efs
EFS Code:
/*********************************
Provided By:
eSignal (Copyright © eSignal), a division of Interactive Data
Corporation. 2007. 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: The Midas Touch Part I
by Andrew Coles, PhD
Version: 1.0 7/11/2008
Notes:
* September 2008 Issue of Stocks and Commodities Magazine
* Study requires version 8.0 or later.
Formula Parameters: Default:
Start Date (mm/dd/yyyy) 1/2/2008
Start Time hh:mm (use 00:00 if Daily) 00:00
**********************************/
function preMain(){
setPriceStudy(true);
setStudyTitle("MIDAS")
setCursorLabelName("MIDAS");
setDefaultBarFgColor(Color.blue);
setDefaultBarThickness(1);
var fp1 = new FunctionParameter("StartDate", FunctionParameter.STRING);
fp1.setName("Start Date (mm/dd/yyyy)");
fp1.setDefault("1/2/2008");
var fp2 = new FunctionParameter("StartTime", FunctionParameter.STRING);
fp2.setName("Start Time hh:mm (use 00:00 if Daily)");
fp2.setDefault("00:00");
}
var bVersion = null;
var bInit = false;
var xDay;
var xMonth;
var xYear;
var xHour;
var xMinute;
var xMP = null;
var xVolume = null;
var CumVol = 0;
var CumVol_1 = 0;
var CumPriceVol = 0;
var CumPriceVol_1 = 0;
var CumVolAtStart = 0;
var CumPriceVolAtStart = 0;
var BarCounter = 0;
var Start = false;
function main(StartDate,StartTime){
if (bVersion == null) bVersion = verify();
if (bVersion == false) return;
if(bInit==false){
var xStartDate = StartDate.split("/");
var xStartTime = StartTime.split(":")
xMonth = xStartDate[0];
xDay = xStartDate[1];
xYear = xStartDate[2];
xHour = xStartTime[0];
xMinute = xStartTime[1];
xMP = hl2();
xVolume = volume();
bInit = true;
}
var nBarState = getBarState();
if(nBarState==BARSTATE_NEWBAR){
CumVol_1 = CumVol;
CumPriceVol_1 = CumPriceVol;
if(Start==true) BarCounter++;
}
var nVolume = xVolume.getValue(0);
var nMP = xMP.getValue(0);
if(nVolume==null||nMP==null) return;
if(getCurrentBarCount()==1){
CumVol = nVolume;
CumPriceVol = nMP*nVolume;
}else{
CumVol = CumVol_1+nVolume;
CumPriceVol = CumPriceVol_1+(nMP*nVolume);
}
if(Start==false && month(0)==xMonth && day(0)==xDay && year(0)==xYear && hour(0)==xHour && minute(0)==xMinute) {
CumVolAtStart = CumVol-nVolume;
CumPriceVolAtStart = CumPriceVol-(nMP*nVolume);
BarCounter=1;
Start = true;
}
if(BarCounter==0){
return;
}else if(BarCounter==1){
var MIDAS = nMP;
}else if(BarCounter>1){
var Denom = CumVol-CumVolAtStart;
if(Denom==0) Denom = 1;
var MIDAS = (CumPriceVol-CumPriceVolAtStart)/Denom
}
return MIDAS;
}
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;
}