The frontend documentation for this application can be found following a brief description of the functioning of the indicator.  A view of the indicator follows that information.

 

This indicator is designed to provide the user a visual representation (in the area of the price bars of a chart) with an indication of the relative weight of the current volume to that of a "nominal" volume level which is either a fixed volume amount specified by the user OR the average of the volume for a selected number of bars.

The visual indication is a "box" which is drawn from the high and low of the current bar backward for a number of bars relative to the current "nominal" volume indicated.  The maximum number of bars to reach back for a plot can be specified and the sensitivity of the volume change is available for adjustment by the user.

 

{Equi_Volume - Indicator}

{Author: Clyde Lee, SYTECH Corporation Copyrighted: 2002

This is a licensed product and can only be used by persons who have
properly ordered and paid for use of this product by paying a fee
to SYTECH Corporation.

}

{The concept is that volume changes should reflect the strength of any
price change. To graphically view such changes this indicator draws
--for any given price bar--a box which represents the relative volume
in that bar versus either an average of volume over a specified 
number of bars or a specific volume level established by the user.

An option exists to color the volume boxes based on relative change
of current volume to volume of prior bar or relative change if the
closing price against the prior bar closing price.

Limits can be set on bar width (number of price bars).

An adjustment of the volume ratio can be made to make the width
of volume boxes more sensitive to relative changes in volume.

The style and size of the lines making up the boxes can be
adjusted to suit users needs.

· Thickness widths range from 0 (the thinnest) to 6 (the thickest).
· There are 5 possible line styles:

Style Name    Number

Tool_Solid    1 (solid) 
Tool_Dashed   2 (dashed) 
Tool_Dotted   3 (dotted) 
Tool_Dashed2  4 (dashed pattern)
Tool_Dashed3  5 (dashed pattern)

{** © 1987, 1999 Omega Research, Inc. **}

}

Input:   NomVol(-31),   {Nominal volume for 1 bar width volume box}
         MaxWide(5),    {Maximum width in bars for highest volume }
         RatioAdj(1.5), {Adjust the ratio relative to nominal vol }
                        {to set width of plot. NomVol or less }
                        {ALWAYS plots as 1 bar wide }
         UseVol(True),  {Set False to use price for setting colors}
         UpColor(Blue), {Color for volume box with volume greater }
         DnColor(Red),  {Color for box with vol less than prior }
         SizeTL(0),     {Line size for TL's forming volume box }
         StyleTL(3);    {If size=0 then sets style for box lines }

 
 

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To order: Equi_Volume (VolumeBoxes) Indicator for TS2K/4.O/6.0  from CCNow
Product ID: VBEV-001
Product Name: Volume (equi_volume) Boxes Indicator 
Product Price:  $75.00
CLICK on  $75.00 TO ORDER
Equi_Volume(VolBoxes) Indicator @ $75

 

To order: Equi_Volume (VolumeBoxes) Indicator for TS2K/4.O/6.0  from PayPal
CLICK on     TO ORDER 
Equi_Volume(VolBoxes) Indicator @ $75

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