Trend Momentum Volatility Volume

Trend Momentum Volatility Volume (TMV) was authored by Barbara Star in the Stocks and Commodities Magazine, Feb. 2012. The TMV displays five indicators, Keltner Channels (KC), Commodity Channel Index (CCI), the Volume Oscillator (VO), Average Directional Index (ADX) and a Simple Moving Average (SMA). The price bars change color based on the ADX and the SMA. The user may change multiple input values. This indicator’s definition is further expressed in the condensed code given in the calculation below.

How To Trade Using TMV

No trading signals are calculated for this indicator.

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Calculation

//input = price, user defined, default is closing price
//cciPeriod = CCI period, user defined, default is 2
//kPeriod = Keltner period, user defined, default is 2
//upperRange = Keltner Upper Range, default is 2
//lowerRange = Keltner Lower Range, default is 2
//volMethod = Volume moving average method, default is SMA
//fastPeriod = Volume fast period, default is 1
//slowPeriod = Volume slow period, default is 20
//adxPeriod = ADX period, defualt is 10
//smaPeriod = SMA period, default is 8
//index = current bar number

Plot: sma = series.sma(index, smaPeriod, input);
//CCI
Plot: cci = cci(series, index, cciPeriod);
    
//Start ADX
//Calculate the +DM, -DM and TR
pDm = series.getPositiveDM(index);
nDm = series.getNegativeDM(index);
tr = series.getTrueRange(index);
   
//Calculate the Average +DM, -DM and TR
pdMa = series.smma(index, adxPeriod, PDM);
ndMa = series.smma(index, adxPeriod, NDM);
tra = series.smma(index, adxPeriod, TR);

//Determine the +DI, -DI and DX    
pdi = pdMa / tra * 100;
ndi = ndMa / tra * 100;
dx = abs((pdMa - ndMa)) / (pdMa + ndMa) * 100;

 //Calculate the Average DX 
Plot: adx = series.smma(index, adxPeriod, DX);
prevAdx = adx[index-1];
 //End ADX    
    
 //Keltner Channels   
Plot: middle = series.ma(EMA, index, kPeriod, input);
atr = series.atr(index, kPeriod);
Plot: top = middle + (upperRange * atr);
Plot: bottom = middle - (lowerRange * atr);
     
//Volume Oscillator      
ma1 = series.ma(volMethod, index, fastPeriod, VOLUME);
ma2 = series.ma(volMethod, index, slowPeriod, VOLUME);
Plot: vo = ma1 - ma2;
up = adx moreThan prevAdx AND price moreThan sma; 
down = adx moreThan prevAdx AND price lessThan sma;
if (up) series.setPriceBarColor(index, upColor);
if (down) series.setPriceBarColor(index, downColor);
if (!up AND !down) series.setPriceBarColor(index, neutralColor);