Traders' Tips from TASC Magazine

Using Volume to Detect Shifts In Power

Vadim Gimelfarb’s article, "Using Volume to Detect Shifts In Power," included the MetaStock code for the TRsV indicator. However, the code may not have been obvious to all readers. Below is the formula and the steps to put it into MetaStock

To enter this indicator into MetaStock:

  1. In the Tools menu, select Indicator Builder.
  2. Click New to open the Indicator Editor.
  3. Type the name of the formula.
  4. Click in the large window and type in the formula:

    Name: TRsV

    V / ATR( 1 )

  5. Click OK to close the editor