Traders' Tip text
Below is the C# code for Wealth-Lab 6 that plots the indicators and does color highlighting used in Barbara Star's TMV template. The Strategy is available for instant download from Wealth-Lab's "Open Strategy" dialog. Keep in mind that the breakout and retracement opportunities suggested by the template are to be found in trending markets.
Figure 1.A Wealth-Lab 6.3 chart showing the highlighting according to the TMV template using Daily data of Crude Oil futures contract. The bottom pane visualizes the Volume Oscillator (OscV) featured in the article.
WealthScript Code (C#)
using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
namespace WealthLab.Strategies
{
public class TMV_1202Star : WealthScript
{
protected override void Execute()
{
DataSeries K1 = KeltnerLower.Series( Bars, 13, 13 );
DataSeries K2 = KeltnerUpper.Series( Bars, 13, 13 );
ADX adx = ADX.Series( Bars,10 );
SMA sma = SMA.Series( Close,8 );
DataSeries OscV =
(SMA.Series( Volume,20 ) - Volume)/SMA.Series( Volume,20 ) * 100;
OscV.Description = "Volume Oscillator";
DataSeries cci = CCI.Series( Bars, 13 );
ChartPane cPane = CreatePane( 30, true, true );
ChartPane oPane = CreatePane( 30, false, true );
SetBarColors( Color.DarkGray,Color.DarkGray );
PlotSeries( PricePane, SMA.Series( Close,13 ), Color.Red, LineStyle.Solid, 1);
PlotSeriesFillBand( PricePane, K1, K2, Color.Red, Color.Empty, LineStyle.Solid, 1);
PlotSeriesOscillator( oPane, OscV, 50, -50, Color.Blue, Color.Red,
Color.Empty, LineStyle.Histogram, 2);
PlotSeries( oPane, OscV, Color.Black, LineStyle.Solid, 2);
PlotSeries( cPane, cci, Color.Purple, LineStyle.Histogram, 3 );
DrawHorzLine( cPane, -100, Color.Red, LineStyle.Dashed, 1 );
DrawHorzLine( cPane, 100, Color.Blue, LineStyle.Dashed, 1 );
for(int bar = GetTradingLoopStartBar(30); bar < Bars.Count; bar++)
{
bool adxPriceRising = adxbar > adxbar-1 && Closebar > smabar;
bool adxPriceFalling = adxbar > adxbar-1 && Closebar < smabar;
if( adxPriceRising )
SetBarColor( bar, Color.LightGreen );
else
if( adxPriceFalling )
SetBarColor( bar, Color.Red );
}
}
}
}