Thanks, you make an excellent point about the falsely weighted average. I may be better off sticking with some of the pre-existing volume indicators.
--- In [email protected], "steesehwy" <[EMAIL PROTECTED]> wrote: > > The arguments for IIf are (condition, truearray, falsearray). In your > first and second lines, you use a value for the "falsearray", not an > array. > > Also, you seem to be trying to repeat the last value for volume when > it isn't up or down - that is, repeat the last down volume on an up > day. That will cause a falsely weighted average. For example, in a > strong up trend, the down-volume average could consist of repeated > entries of the last down day's volume. I don't have a good > work-around, unless I knew a little more about what you are trying to > accomplish. > > - Bill > > > --- In [email protected], "l_abarr" <l_abarr@> wrote: > > > > I'm new at this. I'm getting an error in the first line because the > > variable 'upvol' hasn't been initialized. I want UpVol to remain the > > same as yesterday if C < O. Thanks for any help! > > > > UpVol =IIf(C > O, V, Ref(UpVol,-1)); > > DownVol =IIf(C < O, V, Ref(DownVol,-1)); > > Period = Param("Period",3,2,10,1); > > UpVolAvg = EMA( UpVol, Period ) ; > > DownVolAvg = EMA( DownVol, Period ) ; > > Plot(UpVolAvg,"UpVolume", colorGreen); > > Plot(DownVolAvg, "DownVolume", colorRed); > > >
