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Hi Graham
your suggestions are more accurate than the default 2 x vol x close.
Can the default be changed?
cheers
Ian
--- In amibroker@xxxxxxxxxxxxxxx, Graham <kavemanperth@xxxx> wrote:
> I use Bodhi Freeway and get turnover from them
>
> I also did a check of the actual turnover and formulae and found
V*C
> close enough.
> I also tested against (H+L)/2, (O+H+L+C)/4, Average,
(O*2+H+L+C*2)/6
> with little variation.
>
>
> On Fri, 25 Feb 2005 23:54:42 -0000, imac2112 <ian@xxxx> wrote:
> >
> >
> > Hi all,
> >
> > I really like the idea of using turnover in conjunction with
volume.
> > The reason I like turnover is because it can often show the
level of
> > interest in a stock a bit more accurately than volume especially
if
> > the price is going up. If the share price is increasing the
volume
> > can decrease even tho the market is showing the same or more
> > interest in the stock. However, if turnover is maintaining or
> > increasing with the rising share price this can give a more
accurate
> > indication than level of volume (which imo is only really helpful
> > for determining liquidity). There are other applications but I'll
> > get to the point ...
> >
> > I reaslise that AB's turnover formula is 2 x Vol x closing price.
> >
> > After that ramble I have a few questions:
> >
> > 1. Is this formula based on anything in particular, or is it the
> > best way to attempt to indicate actual turnover.
> >
> > 2. Are there any data providers that provide actual daily
> > dollar "turnover"? (I use AOT (now Comsec) and could manually
input
> > dollar turnover ("value" traded), but only for a few stocks that
I'm
> > watching.)
> >
> > 3. If so, could AB handle this in a formula / indicator? Could it
> > replace the current turnover indicator and overlay the price
chart?
> >
> > Hope all this makes sense.
> >
> > Thanks / cheers
> > Ian
> >
> >
> > Check AmiBroker web page at:
> > http://www.amibroker.com/
> >
> > Check group FAQ at:
http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
>
>
> --
> Cheers
> Graham
> http://e-wire.net.au/~eb_kavan/
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