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Tradestation EasyLanguage | A bounded volume indicator | markplex.com

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Uploaded by on May 21, 2009

This video shows a simple indicator that converts the TradeStation EasyLanguage volume indicator into a 'pseudo' bounded oscillator. By this I mean that it takes the current bar volume and divides it by the highest volume of a number of bars, as determined by an input. From this value we then subtract 0.5. The video is meant to be viewed with tutorial 24 at markplex.com (see http://markplex.com/tutorial24.php). The indicator described in the video will generate a 'divide by zero' error if applied to assets that do not have volume associated with them (e.g. FOREX symbols).

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