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Hi,
I have done such indicator based on Volume and Price movement.
For down leg A - B calcualte the difference between total up/down
volume =V1. Divide V1 with price change A - B = Leg1Val
For current up leg B - C calculate difference between up/down volume
=V2, Divide V2 with price change B - C = Leg2Val.
Plot Leg1Val/Leg2Val.
Best Regards
Leif
--- In amibroker@xxxxxxxxxxxxxxx, "dom1_1998" <dominick@xxxx> wrote:
> Hi Eugene:
>
> I don't believe there's anyway of knowing if the number of people
> trading an issue is increasing, unless news came out. It isn't
that
> unusual for someone to machine gun 10 or 20 100 share lots to try to
> get a movement going in a particular direction like breaking support
> or a resistance line.
>
> You could just as well see the increase or decrease in volume by
> comparing 1,5 or 10 minute price bars with the volume bars. You
could
> watch the speed of trades on a time and sales chart. You could
easily
> see those machine gun 100 share lots appear at crucial points on the
> price chart.
>
> One helpful way would be counting the number of trades,(not
> shares),going off at the bid and at the ask to determine future
> direction. Or just the total trades listed as a volatility
indicator.
> Even better would be having those options for different time bars.
>
> But in the end, trading just a few liquid stocks and contiunually
> watching their time and sales is the best way to know their
> characteristics.
>
> JMO,
>
> Dominick
>
>
>
>
> >
> > Basis for index:
> >
> > 1. The number of people trading a particular instrument is pretty
much
> > the same.
> > 2. when the prospect of a move is due more people trade the
instrument.
> > 3. Increased people causes increased price movement.
> > 4. Comparing the speed of the movement would give an indication
of the
> > number of people trading the instrument. speed of movement would
be
> > calculated by dividing difference between high/low pivot to its
> > current price would give the current velocity of movment
> > 5. Comparing this velocity to a previous move would give a decent
> > basis for estimating the interest in the security and the
prospect for
> > further increases/declines.
> >
> > Anyone has any thoughts along these lines or tried something
similar?
> >
> > Thanks
> >
> > Eugene
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