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>From my perspective Volume is important because it represent the
amount of energy some one is prepared to burn (invest) to move the
car (stock) up the hill. Look for the differece between up and down
volume and new insights will appear. Very effective on intraday data
1,5,15 minute charts.
On balace volume OBV will not do the job because it seems to be
affected by gaps in the price curve.
Best regards
Leif
--- In amibroker@xxxxxxxxxxxxxxx, "Eugene" <johngalt1234@xxxx> wrote:
> I think we are missing the point here. I never intended volume to
be a
> factor. The example that I am giving here is like that of a car. In
> order to climb a slope it needs speed and Gas. If the Gas runs out
> before optimum speed obviously he will not make it to the top. The
> optimum speed is determined by the previous time the same thing was
> accomplished. So in a sense the time it took to say get a previous
> rise of 20% could be compared to current price action as see if the
> 20% rise is achievable this time.
>
> Just my thoughts.
>
>
>
> In amibroker@xxxxxxxxxxxxxxx, "dom1_1998" <dominick@xxxx> wrote:
> > Hi Leif:
> >
> > How much of a help was your indicator to you? I imagine you could
> > also use On Balance Volume as well. I've done that but I didn't
find
> > it much help.
> >
> > I'm guessing you're referring to end of day data. Unfortunately
to be
> > accurate the data should be intra-day.
> >
> > Dominick
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