Price Volume Rank (PVR)

eberle lutz · Postby **eberle lutz** » 04 Aug 2011

Dear MC Team,

could you please add the PVR:
http://www.csidata.com/studies/Price_Volume_Rank.html
http://www.iqbroker.com/technical-indic ... cator_1711
to the indicator data base of MC in the next release?

That would be great!

TJ · Postby TJ » 04 Aug 2011

Dear MC Team,

could you please add the PVR:
http://www.csidata.com/studies/Price_Volume_Rank.html
http://www.iqbroker.com/technical-indic ... cator_1711
to the indicator data base of MC in the next release?

That would be great!

all you have to do is type in the few lines of code from the web page

ps. use the keyword TICKS in place of VOLUME.

eberle lutz · Postby **eberle lutz** » 09 Aug 2011

I did so but somehow I did not manage to get it work. I only have little practice with EL.

This is the the complete AB (.afl) file respectively code:

Code: Select all

/* Price-Volume-Rank (PVR)





/* A Price Volume Rank. Buy/Sell at 5/10-Day crossovers. 

Buy when fast line crosses below 2.5. Sell when fast

line crosses above 2.5. Use turn-around points cautiously. 

Remember that a climbing PVR line indicates a

weakening market. Make another indicator using a double-smoothing 

to use A less volatile graph.*/



/* Price-Volume Rank Indicator

   Use a 1 if price and volume are up

   Use a 2 if price is up and volume is down

   Use a 3 if price and volume are down

   Use a 4 if price is down and volume is up

  Plot a 5-day and a 10-day MA of these values.

  Buy/Sell at 5/10-day crossovers.

  Buy when fast line crosses below 2.5.

  Sell when fast line crosses above 2.5.

  Use turn-around points cautiously.

  Remember that a climbing PVR line indicates a

  weakening market.

  Make another indicator using a double-smoothing

  to use a less volatile graph.*/



SetChartOptions(0,chartShowDates);



P1 = Ref( Close, -1 );

V1 = Ref( Volume, -1);

PVR =  IIf( Close >  P1 AND Volume >  V1, 4,

       IIf( Close >  P1 AND Volume <= V1, 3,

       IIf( Close <= P1 AND Volume <= V1, 2, 1 )));



T1=Param("T1",5,1,21,1);

T2=Param("T2",10,1,21,1);



PVR1=MA( PVR, T1 );

PVR2=MA( PVR, T2 );



ColorPVR1=IIf(PVR1>PVR2,colorGreen,IIf(PVR1<PVR2,colorRed,colorYellow));

Plot(PVR1,"PVR(5)",colorPVR1,1); //fast

Plot(PVR2,"PVR(10)",colorBlack,1);  //slow

Maybe someone of the MC users can translate this code into easy language!?

Price Volume Rank (PVR)

Price Volume Rank (PVR)

Re: Price Volume Rank (PVR)

Re: Price Volume Rank (PVR)