Home > Articles > Volume 19 (2001) > Chapter 2 (February 2001) > V. 19:2 (81-85, 92): Traders’ Tips

V. 19:2 (81-85, 92): Traders’ Tips

V. 19:2 (81-85, 92): Traders’ Tips
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• OMEGA RESEARCH EASYLANGUAGE

This month in Traders’ Tips, we’ll be buffing up your moving averages using the volume-weighting method presented in Buff Dormeier’s article in this issue, “Buff Up Your Moving Averages.” The weighting formula has been created as a function in EasyLanguage so that it can be referenced from any analysis technique or strategy. In addition, a simple twoline volume-weighted average indicator that references the function has also been included. The name of the volume-weighted average function is “BuffAverage.” The function has two inputs, price and length. The price input represents the price value upon which the average calculation is based. The length input represents the number of bars that are used in the calculation of the average.




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