Indicator :
FiniteVolumeElement
inputs:
CutOff( .003 ),
Samples( 22 );
variables:
TP( 0 ),
MF( 0 ),
VolumePlusMinus( 0 ),
FVEsum( 0 ),
FveFactor( 0 ),
FVE( 0 ) ;
TP = ( High + Low + Close ) / 3 ;
MF = ( Close - (High + Low
) / 2 )+ TP - TP[1] ;
if MF > CutOff * Close then
FveFactor =
1
else if MF < -1 * CutOff * Close then
FveFactor = -1
else
FveFactor = 0 ;
if BarNumber > Samples then
begin
VolumePlusMinus = Volume * FveFactor ;
FVEsum = Summation(
VolumePlusMinus, Samples ) ;
FVE = ( FVEsum / (Average( Volume,
Samples) * samples ) ) * 100 ;
Plot1( Average(FVE,1 ) ) ;
end
;
