Program 61 | Smoothed Markplex CCI and volume indicator

Markplex Corporation develops TradeStation EasyLanguage programs that you may find useful as both a way of gaining greater EasyLanguage skills (by reading through the program code) and in your technical analysis. These TradeStation programs are downloadable for a fee. Click here for a list of programs and summaries. Gold Pass members are eligible for 20% off program prices when they type in a special discount code (see https://markplex.com/gold-pass-content/ to get the latest code). I also create free EasyLanguage tutorials.

Markplex smoothed CCI and volume histogram

Program 61 consists of an indicator and the protected smoothed CCI function. The indicator plots the Markplex smoothed CCI, the Markplex fast smoothed CCI and a histogram of the Markplex smoothed CCI that is colored based on the bar volume compared to the volume of a user input number of bars. This allows the user to get an idea of whether the current bar is relatively high volume bar compared to the bars before. I explain this more in the video.

Program 61 applied to 3 charts in a workspace

Program 61 applied to 3 charts in a workspace

The program 61 packages includes:

  • An indicator (_Program 61) that calls the protected _MarkplexCCI function and plots the lines described above.
  • A protected function (_MarkplexCCI) that calculates the Markplex smoothed CCI and the Markplex fast smoothed CCI.

The programs work with both TradeStation and MultiCharts. An ELD file containing both programs may be downloaded for $44.95. 

Program 61 applied to a 10 minute @NQ chart. The yellow represents relatively higher volume and the blue, relatively lower volume.

Program 61 applied to a 10 minute @NQ chart. The yellow represents relatively higher volume and the blue, relatively lower volume.

Gold Pass members get an additional 20% discount off all program and tutorial prices. If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off these prices. You can find the coupon code on the Gold Pass page.

You may also be interested in the following programs that us the Markplex smoothed CCI:

You might also be interested to review tutorial 24 | Creating a ‘pseudo bounded’ volume oscillator.

Program 61 video

The following video describes _Program61 in more detail:

 _Program61 user inputs

AvgBars( 20 ), // the number of volume bars to consider when calculating the normalized color
HiAvgCol( Yellow ), // Normalized color for volume bars that are high in the range
LwrAvgCol( Blue ), // Normalized color for volume bars that are low in the range

LowerLine( -100 ), // Used to draw horizontal line at the user input level
UpperLine( 100 ), // Used to draw horizontal line at the user input level
CCIFastColor( Red ), // Color of fast smoothed CCI
SmoothCCIColor( Cyan ), // Color of smoothed CCI
HorizLines( DarkGray ), // Color of horizontal lines
CCILength( 14 ), // CCI length
FastLength( 6 ), // Length of ‘fast’ CCI
SmoothLength( 14 ), // Factor used to smooth CCI
FastSmoothLength( 14 ); // Factor used to smooth fast CCI

Program 61 applied to a 15 minute EURUSD chart. with the symbol's volume setting set to tick count.

Program 61 applied to a 15 minute EURUSD chart. with the symbol’s volume setting set to tick count.

The programs works with both TradeStation and MultiCharts. An ELD file containing both programs may be downloaded for $44.95. 

Gold Pass members get an additional 20% discount off all program and tutorial prices. If you are a Gold Pass member make sure you enter the special coupon code to get 20% discount off these prices. You can find the coupon code on the Gold Pass page.

You may also be interested in the following programs that us the Markplex smoothed CCI:

You might also be interested to review tutorial 24 | Creating a ‘pseudo bounded’ volume oscillator.

Please note that any screen shots on this site are examples and are not meant to imply that any of these programs will generate profitable trades. THESE INDICATORS, SHOW ME STUDIES, STRATEGIES AND OTHER PROGRAMS HAVE BEEN INCLUDED SOLELY FOR EDUCATIONAL PURPOSES.

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