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# Buff Averages by Buff Dormeier

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 two-line 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. Here is the EasyLanguage for the function:

Typ : Function, Name : BuffAverage

Inputs: Price(Numeric), Length(Numeric);
Variables: VolSum(0), Buff(0);

VolSum = Summation(Volume, Length);
Buff = 0;

If VolSum <> 0 Then Begin
For value1 = 0 To Length - 1 Begin
Buff = Buff + ((Price[value1] * Volume[value1]) / VolSum);
End;
End;

BuffAverage = Buff;

The two-line volume-weighted average indicator for EasyLanguage is named Buff averages. This indicator has three inputs. The price input represents the price value upon which the average calculation is based. The FastAvg input represents the number of bars to use in the fast volume-weighted average calculation. The SlowAvg input represents the number of bars to use in the slow volume-weighted average calculation.
A simple alert criteria has also been included to provide an alert when the two lines cross.

Below is the EasyLanguage for this indicator. The recommended properties for the indicator are presented after the EasyLanguage code.

Typ : Indicator, Name : Buff Averages

Inputs: Price(Close), FastAvg(5), SlowAvg(20);

Plot1(BuffAverage(Price, FastAvg), "FastBuff");
Plot2(BuffAverage(Price, SlowAvg), "SlowBuff");

If Plot1 Crosses Above Plot2 Then
If Plot1 Crosses Below Plot2 Then

Chart style:
PlotName   Style    Weight
FastBuff   Line     Thinnest
SlowBuff   Line     Thinnest

Chart color:
PlotName   Color
FastBuff   Magenta
SlowBuff   Cyan

Scaling: Same as symbol.
The EasyLanguage code for the Buff average function and indicator are also available for download from the EasyLanguage portion of the support section at Omega Research's website. The name of the file is "BuffAvg.Els" for use in TradeStation and ProSuite 2000i. Реклама:  Страница создана за 0.047 секунды