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VForce

Article/Author: "Identifying Trends with Volume Analysis", Stephen J. Klinger, S&C Magazine, Traders Tips, 12/1997

Download: kvo.ela

File Includes:
Function - VForce
Function - KVO
Indicator - Klinger Volume Osc

Category: Function > VForce

Description:

EasyLanguage Code:
VARS: TSUM(0), TREND(0), DM(0), CM(0);


TSUM = HIGH + LOW + CLOSE;

IF TSUM > TSUM[1] THEN
TREND = 1
ELSE
TREND = -1;

IF TREND = TREND[1] THEN
CM = CM + RANGE
ELSE
CM = RANGE + RANGE[1];

IF CM <> 0 THEN
VFORCE = VOLUME * ABSVALUE(2 * (DM/CM) -1) * TREND * 100;

{
COPYRIGHT C 1997, TECHNICAL ANALYSIS, INC.
}