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//
// Formula Name: Price-Volume Rank
// Author/Uploader: Tomasz Janeczko
// E-mail: tj@amibroker.com
// Date/Time Added: 2001-06-16 08:29:55
// Origin: Presented in TASC magazine
// Keywords: oscillator
// Level: basic
// Flags: indicator
// Formula URL: http://www.amibroker.com/library/formula.php?id=14
// Details URL: http://www.amibroker.com/library/detail.php?id=14
//
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//
// A Price Volume Rank. Buy/Sell at 5/10-day crossovers. Buy when fast line
// crosses below 2.5. Sell when fast line crosses above 2.5. Use turn-around
// points cautiously. Remember that a climbing PVR line indicates a weakening
// market. Make another indicator using a double-smoothing to use a less
// volatile graph. Thanks to Donald Dalley for the description
//
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/* Price-Volume Rank Indicator
Use a 1 if price and volume are up
Use a 2 if price is up and volume is down
Use a 3 if price and volume are down
Use a 4 if price is down and volume is up
Plot a 5-day and a 10-day MA of these values.
Buy/Sell at 5/10-day crossovers.
Buy when fast line crosses below 2.5.
Sell when fast line crosses above 2.5.
Use turn-around points cautiously.
Remember that a climbing PVR line indicates a
weakening market.
Make another indicator using a double-smoothing
to use a less volatile graph.
*/
P1 = REF( CLOSE, -1 );
V1 = REF( VOLUME, -1);
PVR = IIF( CLOSE > P1 AND VOLUME > V1, 1,
IIF( CLOSE > P1 AND VOLUME IIF( CLOSE
GRAPH0 = MA( PVR, 5 );
GRAPH1 = MA( PVR, 10 ) ;
