Re: [amibroker] OT: VCPI - Article in Active Trader February 2005, AmiBroker Email List Archive

Dave,

I used to go down the same path you are going down now; and also with a little help from S&C. I have since learned that you need to adopt an indicator and exclusively use it until you become thoroughly become familiar with it and how it behaves with the character of the market. Maybe you might want a couple of volume indicators - one to use with trending markets and one to use with congested markets.

What volume indicator to use when there are do many out there? Well a suggestion is to use the one that has stood up to the test of time like OBV.

Me - I personally use Twiggs Money Flow Indicator and Wordens Time Segmented Volume and that's it. Hope this helps.

Mike

----- Original Message ----
From: David Fitch <davidfitch@xxxxxxxxxxx>
To: amibroker@xxxxxxxxxxxxxxx
Sent: Friday, November 2, 2007 8:21:54 PM
Subject: [amibroker] OT: VCPI - Article in Active Trader February 2005

Ara,

I sure would like to find something a little more consistent than just the eyeball and OBV and perhaps an EMA band. Perhaps and actually, I believe I haven't found the correct rules to keep me outa trouble. Quick count in my AB formulas shows 14 volume indicators, give or take. They usually come about from S&C or some other journal we use. I put em to work for a bit, scratch my head a bit, crunch it on my favorites a bit and conclude I might as well through darts. And once the indicator is published, that's it. Never heard from again. No sustaining interest.

I can be way off base here. But for swing trading, I'd sure like to be enlightened.

Thanks

Dave

----- Original Message -----

From: brian_z111

To: amibroker@xxxxxxxxx ps.com

Sent: Friday, November 02, 2007 1:26 PM

Subject: [amibroker] Re: OT: VCPI - Article in Active Trader February 2005

--- In amibroker@xxxxxxxxx ps.com, "Ara Kaloustian" <ara1@xxx> wrote:
>
> David, Jim, Thanks for your responses...
>
> David, your comments below reflect my experience with trying to use
volume data ... it would sure be nice to have a good volume based
indicator, ...
>
> Ara
> ----- Original Message -----
> From: David Fitch
> To: amibroker@xxxxxxxxx ps.com
> Sent: Friday, November 02, 2007 8:56 AM
> Subject: Re: [amibroker] OT: VCPI - Article in Active Trader
February 2005
>
>
> Ara,
> VCPI was in July 2007, S&C, and TJ provided AB code to implement
it. If you need it let me know. I remember playing with it at the
time with little success. Volume never seems to follow the rules well
enough to allow decent or consistent or objective use...at least for
me in the medium term. And there is yet another short term indicator
featured in latest S&C,Nov 2007, "Short-Term Volume and price
Oscillator". Article's presentation leaves something to be desired
but it is another way of looking at the subject.
> Dave
>
> ----- Original Message -----
> From: JIM WIEHE
> To: amibroker@xxxxxxxxx ps.com
> Sent: Friday, November 02, 2007 4:45 AM
> Subject: Re: [amibroker] OT: VCPI - Article in Active Trader
February 2005
>
>
>
> I havent done alot with it other than duplicate it. But I
think Mr Dormeier likes to use the ADX, DI+, and DI- with shorter
periods for the VCPI. I think he told our investor club it works
well with ETFs.
>
>
> ----- Original Message ----
> From: Ara Kaloustian <ara1@xxx>
> To: AB-Main <amibroker@xxxxxxxxx ps.com>
> Sent: Thursday, November 1, 2007 12:35:21 PM
> Subject: [amibroker] OT: VCPI - Article in Active Trader
February 2005
>
>
>
> An interesting articles on using volume ...
>
> The VCPI (Volume Price confirmation Indicator) on page 38 of
above reference seems very interesting. .. hopefully reducing
ambiguities in interpreting volume data.
>
> Has anyone used this indicator??
>
> Appreciate any feedback
>
> Ara
>
>
>
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Hello Ara,

I don't expect to see it the reason being that volume for any bar is
only a summary and we don't know where that volume went at an intra-
bar level. So far I haven't had any success with vol, although I
haven't put my heart and soul into it.

My next step in that area is to try to use tick volume/time period.
My instinct is that if any value can come from vol it would be at
that level.

Cheers,

Brian_z