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--- In amibroker@xxxxxxxxxxxxxxx, "W Schmidt" <william.schmidt@xxxx>
wrote:
> Dean,
>
> To answer your question, a price move accompanied by volume higher
than average seems to be more significant than a price move on lower
than average volume. Watching intraday volume without the reference
of an average doesn't mean much since volune is typically greater at
the beginning and end of the day than in the middle.
> I added the plot function to the code below. Just paste it into
Indicator
> Builder.
> --Bill
> Many thanks again Bill - you're right of course - price movements
accompanied by volume increases are likely to be more significant
than price increases with little volume increase. I must admit I'm
one of many who don't pay as much attention to volume as I should.
The code you were kind enough to share is very useful in terms of
further refining my scans which (until now) have not really
considered volume as a determining factor. Indicator code also very
useful.
Two questions if I may ....
I assume that I need to change the dates each day accordingly on the
following lines of code as appropriate:
TradeDate1 = 1041117; // trade date 1 day ago
TradeDate2 = 1041116; // trade date 2 days ago
TradeDate3 = 1041115; // trade date 3 days ago
TradeDate4 = 1041112; // trade date 4 days ago
TradeDate5 = 1041111; // trade date 5 days ago
TradeDate6 = 1041110; // trade date 6 days ago
TradeDate7 = 1041109; // trade date 7 days ago
TradeDate8 = 1041108; // trade date 8 days ago
Question 2 - Do I need any modifications to following line on an
ongoing basis? Guess I'm not sure how/if the "(3)" in this line of
code affects the scan or whether I need to concern myself. (Getting
up to speed on AFL language but still much to learn.)
Filter = DateNum()==Now(3)
Thanks again & best regards,
Dean
> >
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