|
PureBytes Links
Trading Reference Links
|
Thanks!
I believe I found the recent Message posting.
Raw OBV
http://finance.groups.yahoo.com/group/amibroker/message/88042
--- In amibroker@xxxxxxxxxxxxxxx, Graham <kavemanperth@xxxx> wrote:
>
> OBV has just had a discussion in past few days. TJ even gave a
formula for it.
> Just use OBV() for OBV. It comes with built in chart even.
> from the help files
> OBV - On Balance Volume
> OBV was created by Joe Granville, the father of OBV analysis. This
is
> a running total of volume that relates price changes and volume and
> shows accumulation and distribution action.
>
> The classic OBV is calculated by adding today's total volume to a
> cumulative total when price closes higher than yesterday's close
and
> subtracting today's total volume from the cumulative when the price
> closes lower than yesterday's close. If price remains the same,
then
> the OBV is not changed. The actual amount of the price change is
> irrelevant and only the direction of change is significant for
these
> calculations.
>
>
> On 10/10/05, run_for_your_life2003 <run_for_your_life2003@xxxx>
wrote:
> > 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
> >
> > ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
> >
> >
> >
> >
> >
> >
> >
> >
> > 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
> >
> >
> >
> >
> >
> >
> >
> >
> >
>
>
> --
> Cheers
> Graham
> AB-Write >< Professional AFL Writing Service
> Yes, I write AFL code to your requirements
> http://e-wire.net.au/~eb_kavan/ab_write.htm
>
------------------------ Yahoo! Groups Sponsor --------------------~-->
Try Online Currency Trading with GFT. Free 50K Demo. Trade
24 Hours. Commission-Free.
http://us.click.yahoo.com/RvFikB/9M2KAA/U1CZAA/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/
|