#Indicator '************************************************************** '* Volume Multiplier (VM.txt) '* by Jeremy Williams '* May. 9, 2007 '* '* Adapted from Technical Analysis of Stocks and Commodities '* July 2007 '* '* Summary: '* '* This indicator is used in the calculation of the VPCI '* indicator. For more information see "Between Price and Volume" '* in the July 2007 issue of Technical Analysis of Stocks '* and Commodities. '* '* Parameters: '* '* Short_Periods - Specifies the number of periods for the '* short moving average calculation '* '* Long_Periods - Specifies the number of periods for the '* long moving average calculation '* '************************************************************** #Param "Short_Periods", 10 #Param "Long_Periods", 50 Dim myShortVMA As Single Dim myLongVMA As Single Dim myVM As Single ' Calculate the moving averages of volume myShortVMA = SMA(V,Short_Periods) myLongVMA = SMA(V,Long_Periods) ' Calculate the multiplier myVM = myShortVMA/myLongVMA ' Plot the indicator Plot("VM",myVM) ' Return the value calculated by the indicator Return myVM