StockFetcher Forums · Filter Exchange · The Volume Positive-Negative (VPN) Indicator << >>Post Follow-up
 V1ct0rChan1 postsmsg #156697- Ignore V1ct0rChanmodified 4/27/2021 11:17:07 PMThe idea and calculations for the Volume Positive Negative (VPN) indicator were created by Markos Katsanos. Markos wrote about the indicator in the article Detecting High-Volume Breakouts, published in Technical Analysis of Stocks & Commodities April, 2021 (Vol. 39, Issue 5). The goal of the VPN indicator is to detect breakouts using only volume. The basic idea is to compare volume on up days versus volume on down days. The indicator can oscillate between the range of -100 and 100. Values between 0 and 20 are generally considered bullish, negative are bearish. When the plotted VPN crosses over what Markos refers to as the critical value, that may indicate a high volume breakout. The critical value can be adjusted between 0 to 20, 10 is the default, Volume Positive Negative Calculation (VPN) VPN = (VP - VN) / MAV / Period * 100 VP - sum of positive volume VN - sum of negative volume MAV - moving average of volume Volume is considered positive when the average price is higher than the previous day's price by more than .1 of the ATR (average true range). It is the same for negative volume. Drawing the Indicator on a watchlist: Stock Fetcher[Set{DirVol, Volume * Sign(Day Change)} // Separating positive and negative volumes Set{FilVol, DirVol * Count(ABS(PP - PP one day ago) > ATR(30)/10, 1)} // Filtering out moves smaller than 1/10 of the Average True Range Set{VolPN, CMA(FilVol,30) / CMA(Volume,30)} // Dividing the sum by the average volume Draw CEMA(VolPN,3) // Taking 3-day EMA Do not draw VolPN Draw VolPN line at 0.1 Draw VolPN line at -0.1 Chart-time is 1 year Apply to symlist(PYPL, CRWD, FND, DE) // Sample list] Practical filtering example: Stock Fetcher[Set{DirVol, Volume * Sign(Day Change)} // Separating positive and negative volumes Set{FilVol, DirVol * Count(ABS(PP - PP one day ago) > ATR(30)/10, 1)} // Filtering out moves smaller than 1/10 of the Average True Range Set{VolPN, CMA(FilVol,30) / CMA(Volume,30)} // Dividing the sum by the average volume CEMA(VolPN,3) crossed above 0.1 in last 5 days // Taking 3-day EMA and seeking any crossing above 0.1 Do not draw VolPN Draw VolPN line at -0.1 Chart-time is 1 year] Cheese1,374 postsmsg #156698- Ignore Cheese 4/28/2021 9:55:48 AM@ V1ct0rChan Thank you, and welcome to Stockfetcher ! miketranz922 postsmsg #156704- Ignore miketranzmodified 4/28/2021 8:03:02 PM Fetcher[CLOSE between .10 and 40 VOLUME ABOVE 2000000 HIGH REACHED NEW 20 DAY HIGH VOLUME 100 PERCENT ABOVE VOLUME 1 DAY AGO and draw ema (30) draw ma (20) draw ma (10)] Try this one... snappyfrog501 postsmsg #156705- Ignore snappyfrogmodified 4/28/2021 9:28:13 PMFixed "dram ma(20)" Fetcher[ CLOSE between .10 and 40 VOLUME ABOVE 2000000 HIGH REACHED NEW 20 DAY HIGH VOLUME 100 PERCENT ABOVE VOLUME 1 DAY AGO and draw ema (30) draw ma (20) draw ma (10) ] miketranz922 postsmsg #156706- Ignore miketranz 4/28/2021 9:44:55 PMThanks... snappyfrog501 postsmsg #156708- Ignore snappyfrog 4/29/2021 8:54:26 AMThis tends to look a lot like the PVI indicator, just put into a range oscillator. Here is a version using a 10 day moving average of the PVI indicator. Fetcher[ Set{DirVol, Volume * Sign(Day Change)} // Separating positive and negative volumes Set{FilVol, DirVol * Count(ABS(PP - PP one day ago) > ATR(30)/10, 1)} // Filtering out moves smaller than 1/10 of the Average True Range Set{VolPN, CMA(FilVol,30) / CMA(Volume,30)} // Dividing the sum by the average volume CEMA(VolPN,3) crossed above 0.1 in last 5 days // Taking 3-day EMA and seeking any crossing above 0.1 Do not draw VolPN Draw VolPN line at -0.1 Chart-time is 1 year draw cma (pvi,10) do not draw pvi ]
 StockFetcher Forums · Filter Exchange · The Volume Positive-Negative (VPN) Indicator << >>Post Follow-up

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