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This is what I found about CMS and BOP. As I understand it BOP is a
substitute of Accumulation/Distribution and Cum Moneystream is a
substitude of OBV but better.
It is actually the TC2000 MONEYSTREAM that interest me the most
because Iīm a extensive user of OBV. BOP I becomes more interesting
if you take large time periods.
If anyone could help with Moneystream ??? Reading this below it
should be OBV but with H L C and ATR are
incorporated.
--------------------------------
"Worden's formulas are PROPRIETARY!
Example:
>From the TeleChart 2000 Help Topics Index
Money Stream
" The main difference between OBV and CMS is that CMS has a greater
ability to contradict price movement than OBV does. This is achieved
by using all of the elements within the daily price bar rather than
just the close. The high, low, close and daily range are related to
volume in a unique and proprietary way."
That makes sense to me! This is enough information for me to 'get
comfortable' with the indicator and run comparisons between OBV
and CMS. REPEAT:
BOP is Worden's proprietary Accumulation/Distribution formula"
--------------------------------
" The Accumulation/Distribution is really a variation of the more
popular On Balance Volume indicator. Both of these indicators
attempt to confirm changes in prices by comparing the volume
associated with prices."
Where is the magic to the Accumulation/Distribution indicator!
MoneyStream "has much the same objectives as OBV";
BOP "tells you whether the underlying action in the trading of
a stock is characterized by systematic buying (accumulation) or
systematic selling (distribution)."
---------------------------
> Accumulation/Distribution
. Balance of Power (BOP) tells you whether the underlying
action in the trading of a stock is characterized by
systematic buying (accumulation) or systematic selling
(distribution).
> OBV (On Balance Volume)
. Money Stream (MS) has much the same objectives as OBV.
> MFI (Money Flow Index)
. Time Segmented Volume (TSV) essentially measures the amount of
money flowing in or out of a particular stock.
Review the resources at the end of the specific PCF tutorials
archived at
http://www.tradeon.com/tradeon/tc2000/tc2ug.html
Its a matter of personal interpretation so,
How do Accumulation/Distribution and BOP compare?
http://www.equis.com/Education/TAAZ/?page=27
http://www.investopedia.com/terms/a/accumulationdistribution.asp
How do OBV and MS compare?
http://www.equis.com/Education/TAAZ/?page=82
http://www.investopedia.com/terms/o/onbalancevolume.asp
How do Money Flow Index and TSV compare?
http://www.equis.com/Education/TAAZ/?page=73
http://www.investopedia.com/terms/m/mfi.asp
--- In amibroker@xxxxxxxxxxxxxxx, "the_chairmann" <jhart_1972@xxxx>
wrote:
> Thanks Mickey! By the way, a quick poll ....does anyone find the
> BOP useful? When I was a TC2000 user the BOP always looked like
an
> interesting indicator but I never found it to be effective. For
> example a lot of times in a strong uptrending market, the BOP
> indicator would often times have a sell signal. I didn't
> necessarily see the "hidden" buying or selling Worden often
claimed
> it signaled
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "mickeyamelinckx" <mickeyA@xxxx>
> wrote:
> > And here is what I found on Balance of power although and
changes
> > some things on the indicator and to have variable time periods.
I
> > would like to know, IF someone knows what time periods TC2000
> uses ?
> >
> > //Balance Of Power - BOP
> > period = Param("BOP period", 100, 2, 200, 1 );
> > ThL1=IIf(H-L==0,.00001,H-L);//{Reward Based on the Open}
> >
> > BuRBoO=(H-O)/(ThL1);
> > BeRBoO=(O-L)/(ThL1);//{Reward Based on the Close}
> > BuRBoC=(C-L)/(ThL1);
> > BeRBoC=(H-C)/(ThL1);//{Reward Based on the Open-Close}
> > BuRBoOC=IIf(C>O,(C-O)/(ThL1),0);
> > BeRBoOC=IIf(C>O,0,(O-C)/(ThL1));
> >
> > BOP=(BuRBoO+BuRBoC+BuRBoOC)/3 - (BeRBoO+BeRBoC+BeRBoOC)/3;
> > BOP=EMA(BOP,period)*1000;
> > Graph0=bop;
> >
> > Plot(BOP,"BOP",4,2);
> > PlotGrid( 100, colorBlack );
> > PlotGrid( 0, colorBlack );
> > PlotGrid( -100, colorBlack );
> >
> > Now there is still the MONEYSTREAM indicator !!! What I have
> found
> > about and maybe someone else could fill in the blanks.
> >
> > "Cumulative moneystream moves much like OBV but it has a bit
more
> > power to contradict. Moneystream embodies both price and volume,
> > although if volume is not available, an automatic adjustment
takes
> > place in the formula and the indicator is calculated and
> displayed.
> > The pure price version has less power to contradict.
> > Moneystream has certain similarities to Mark Chaikinīs
indicator.
> > However I discovered what I consider a logical error common to
all
> > three of those approaches. Which is all I have to say about MS"
> >
> > It must be a compilation of OBV, Larry Williams A/C and Chaikin
> > indicator I think.
> > Anyone who could check this indicator above with TC2000 and let
us
> > know how it is. And if someone could fill in the blanks on
> > Moneystream please let us know.
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "mickeyamelinckx"
<mickeyA@xxxx>
> > wrote:
> > > This is the message posted about TSV but I havenīt found
> anything
> > on
> > > TC moneystream or Ballence of Power ! Offcourse can you use
> > TC2000
> > > plugin but if you use other service like QP etc this is not
the
> > case.
> > >
> > > I know these indicators are propretary but if someone could
> > already
> > > explain a little how they work then maybe we could give it a
try.
> > > Thanks
> > >
> > >
> > > Message 43066 of 43791 | Previous | Next [ Up Thread ]
> > Message
> > > Index Msg #
> > >
> > > From: "the_chairmann" <jhart_1972@xxxx>
> > > Date: Mon Jun 23, 2003 4:17 pm
> > > Subject: Re: Worden Formulas
> > >
> > >
> > >
> > >
> > > So there is a high correlation between the two? - LOL Thanks
> Ken.
> > > I better hurry up and process this before Worden's gang find
it
> > > posted here and demand its removal
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Ken Close" <closeks@xxxx>
> wrote:
> > > > I have found the following formula a close approximation to
> TSV.
> > It
> > > > passes my "eyeball" test. I am not the author of the formula
> and
> > > can
> > > > not explain why it does such a fairly good job of
> approximating
> > > the TSV
> > > > of TC2k. I know of no equivalent approximate formula for
> > > MoneyStream.
> > > >
> > > >
> > > > Ken
> > > >
> > > > T = 18; // For a TSV with 18 day period
> > > > TMA = 9; // For MA of TSV
> > > >
> > > > Alpha = 2/(T+1);
> > > >
> > > > TSVd= ( C-Ref(C,-1)) / ( H-L )*V;
> > > > /* The following calculates Exponential Average for TSV */
> > > > TSV_exp = 100*(AMA(TSVd,Alpha) * T/10000000);
> > > >
> > > > TSV_ref= Sum((( C-Ref(C,-1)) / ( H-L ))*V, T ); //for
reference
> > > >
> > > > /* The following is simple TSV */
> > > > TSV = MA(TSVd,T) * T/10000000;
> > > >
> > > > TSV_MA = MA(TSV_exp,TMA);
> > > >
> > > > //Plot(TSV,"TSV",4,4 + 2);
> > > > //Plot(TSV,"TSV"+ WriteVal(T,1.0),5,4);
> > > > Plot(TSV_MA,"MA",4,4);
> > > > Plot(TSV_Exp,"TSV(exp)",colorYellow,4);
> > > > Plot(0,"",7,1);
> > > >
> > > > -----Original Message-----
> > > > From: the_chairmann [mailto:jhart_1972@x...]
> > > > Sent: Monday, June 23, 2003 9:04 AM
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Subject: [amibroker] Worden Formulas
> > > >
> > > > Does anyone know the formulas to Worden's Time Segmented
> Volume
> > > and
> > > > Moneystream? I've always found them to be pretty interesting
> but
> > > > now that I've switched away from TC2000 I no longer have
> access
> > to
> > > > them.
> > > >
> > > >
> > >
> > >
> > >
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "Jayson" <jcasavant@xxxx>
> wrote:
> > > > Ron,
> > > > I cannot recall who sent me this (Ken??)but here is an
> > > approximation of
> > > > TSV......
> > > >
> > > >
> > > > /* Modified TSV calculation from Mohan
> > > > on 11/26/02 */
> > > >
> > > > T = 18; // For a TSV with 28 day period
> > > > TMA = 10; // For MA of TSV
> > > > TSVd= ( C-Ref(C,-1)) / ( H-L )*V;
> > > > /* The following is simple TSV */
> > > > TSV = MA(TSVd,T) * T/10000000;
> > > > TSV_MA = MA(TSV,TMA);
> > > >
> > > > Plot(TSV,"TSV",IIf(tsv>0,5,4), 2);
> > > > //Plot(TSV,"TSV"+ WriteVal(T,1.0),5,4);
> > > > Plot(TSV_MA,"MA",6,4);
> > > > //Plot(0,"",7,1);
> > > >
> > > >
> > > >
> > > >
> > > > Regards,
> > > > Jayson
> > > > -----Original Message-----
> > > > From: mrdavis9 [mailto:mrdavis9@x...]
> > > > Sent: Sunday, July 06, 2003 12:38 PM
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Subject: [amibroker] TC2000 MoneyStream Bop TSV
> > > >
> > > >
> > > > Jayson, thanks for your advice yesterday. I don't have
> > TC2000.
> > > I want to
> > > > do some testing with whatever Amibroker simulations of TSV,
> > BOP,
> > > and
> > > > Moneystream that may have been developed. I saw a post
within
> > the
> > > past two
> > > > weeks regarding one of them, but I am unable to locate where
I
> > > saved it in
> > > > my favorites folders. I'd appreciate someone posting them,
or
> > > offering
> > > > suggestions about how I might find them. Ron D
> > > >
> > > > ----- Original Message -----
> > > > From: Jayson
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Sent: Sunday, July 06, 2003 11:03 AM
> > > > Subject: RE: [amibroker] TC2000 MoneyStream Bop TSV
> > > >
> > > >
> > > > Mikey,
> > > > If you use TC2000 then this indicator is available via the
> > plug-
> > > in using
> > > > getextradata......
> > > >
> > > > Regards,
> > > > Jayson
> > > > -----Original Message-----
> > > > From: mickeyamelinckx [mailto:mickeyA@x...]
> > > > Sent: Sunday, July 06, 2003 10:05 AM
> > > > To: amibroker@xxxxxxxxxxxxxxx
> > > > Subject: [amibroker] TC2000 MoneyStream Bop TSV
> > > >
> > > >
> > > > Anyone have been able to simulate TC2000 Moneystream,
> Ballance
> > of
> > > > Power or Time segmented volume already for AB ??
> > > > Because the possibility is here in AB making indicators of
> > full
> > > db
> > > > of stocks.
> > > >
> > > >
> > > >
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