#Indicator '************************************************************** '* Volume Price Confimation Indicator (VPCI.txt) '* by Jeremy Williams '* May. 9, 2007 '* '* Adapted from Technical Analysis of Stocks and Commodities '* July 2007 '* '* Summary: '* '* This indicator is uses volume information to better gauge '* market direction. The calculation of the VPCI indicator requires '* the following indicators: '* '* Volume Multiplier VM.txt '* Volume Price Confimation VPC.txt '* Volume Price Ratio VPR.txt '* Volume Weighted Moving Average VWMA.txt '* '* 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 myVPC As Single Dim myVPR As Single Dim myVM As Single Dim myVPCI As Single ' Calculate the indicators used for the calculation myVPC = VPC(Long_Periods) myVPR = VPR(Short_Periods) myVM = VM(Short_Periods,Long_Periods) ' Calculate the indicator myVPCI = myVPC*myVM*myVPR ' Plot the indicator Plot("VPCI", myVPCI) ' Return the value calculated by the indicator Return myVPCI