|
PureBytes Links
Trading Reference Links
|
As we all know what this indicator does....except one thing that's
item #3 below.
Does Amibroker take this into consideration in that indicator?
Most of the charting programs do item #1 and #2 very well but not #3.
#3 is usually given as a down designation even though the close is
the same as yesterday's close. Why is that?
Normally, you don't have a close of the same as the next day.
What code do I need to add to get the correct results?
Is it because they never really look in Chapter 3 (under Volume
Complex) and followed the rules?..... "Granville New strategy of
daily stock market timing for MAXIMUM PROFIT" by Joe Granville.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
As stated above, OBV is calculated by adding the day's volume to a
running cumulative total when the security's price closes up, and
subtracts the volume when it closes down.
1) For example, if today the closing price is greater than
yesterday's closing price, then the new
OBV = Yesterday's OBV + Today's Volume
2) If today the closing price is less than yesterday's closing
price, then the new
OBV = Yesterday's OBV - Today's Volume
3) If today the closing price is equal to yesterday's closing price,
then the new
OBV = Yesterday's OBV
http://stockcharts.com/education/IndicatorAnalysis/indic-obv.htm
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
------------------------ Yahoo! Groups Sponsor --------------------~-->
Put more honey in your pocket. (money matters made easy).
http://us.click.yahoo.com/r7D80C/dlQLAA/cosFAA/GHeqlB/TM
--------------------------------------------------------------------~->
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/amibroker/
<*> To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|