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Finite Volume Elements (FVE) - Basic Indicator by Markos Katsanos


Finite Volume Elements (FVE) Basic

Period:= Input("Period for FVE",10,80,22);
    MF:= C-(H+L) / 2 + Typical() - Ref(Typical(),-1);
   FVE:= Sum( If( MF >  0.3 * C / 100, + V,
              If( MF > -0.3 * C / 100, - V, 0 )), Period) /
         Mov(V,Period,S) / Period * 100;

FVE

 

More about interpretation of this indicator read Markos Katsanos article "Detecting Breakouts" in TASC 4/2003.
Source / From: TOP
TASC 4/2003

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