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Dick,
as far as I understood Dimitris' comment,
he had been referring to the two mathematical terms
c < OBV()
c > OBV()
and could not find any meaningful
mathematical interpretation!
Please also notice that OBV() can be <FONT
color=#ff0000>negative and the stock may still rise: This means that you
should focus on further mathematical "procedures" applied to this library
indicator.
Best regards,
Udo
<BLOCKQUOTE
>
-----Ursprüngliche Nachricht-----
<DIV
>Von:
drlblast
An: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Gesendet: Montag, den 26. Mai 2003 03:27
Uhr
Betreff: [amibroker] Thanks for the
Programing help
Dear Udo, Tomasz,Dimitris et all:Thanks for your help
with the formula. It works! Although OBV isprimarily a volume
indicator price does play an important part. It isa leading
indicator base on a running total of volume, whereas MACD iswholly
dependent on price. OBV rises or falls each day depending onwhether
the price closes higher or lower than the previous day. Ifhigher its
volume is added – indicating the Bulls are in charge; iflower, volume is
subtracted from OBV indicating Bears won the day. I've always found it a
dependable indicator so thought I wouldexperiment with this formula.
Thanks again for your help and thoughts.Dick H.PS: Dimitris
says "Perhaps you need something else for OBV()"
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