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Sorry Gerard but I am a little pessimistic.
It 'reports' when the ratio of updays/downdays changes, with 50/50 ==
0????
periods = Param("Periods", 34, 1, 200, 1 ) ;
BulldayVol= ( Sum( IIf( C>=Ref(C,-1), V, 0), periods)) / periods ;
BeardayVol= ( Sum( IIf( Ref(C,-1)>=C, V, 0), periods)) / periods ;
TheDowVolumeBigot= 100-(100/(1+(BulldayVol/BearDayVol)))-50;
Plot(TheDowVolumeBigot," THE DOW VOLUME
BIGOT ",1,4+styleNoLabel);
Colour= IIf(TheDowVolumeBigot>0,8,4);
Plot( TheDowVolumeBigot,"",Colour,2);
Plot(0,"",colorGrey50,styleNoLabel); // The important Neutral level
Plot(10,"",colorGrey50); Plot(-10,"",colorGrey50);
Plot(20,"",colorGrey50); Plot(-20,"",colorGrey50);
//Relative Updays/Downdays
BulldayVol2= ( Sum( IIf( C>=Ref(C,-1), 1, 0), periods)) / periods ;
BeardayVol2= ( Sum( IIf( Ref(C,-1)>=C, 1, 0), periods)) / periods ;
TheDowVolumeBigot2= 100-(100/(1+(BulldayVol2/BearDayVol2)))-50;
Plot(TheDowVolumeBigot2," THE DOW VOLUME
BIGOT2 ",1,4+styleNoLabel);
--- In amibroker@xxxxxxxxxxxxxxx, "Gerard Carey" <gcfinance@xxx>
wrote:
>
> Ken
> Have emailed you the files.
> Having read what Steve has suggested I remember that I tortured the
> data in many different ways in order to find a better way. Instead
of
> the Sum() component I tried ema's and wma's and every type of ma or
> TA calculation I could think of. Instead of C>=ref(C,-1) and C<=ref
> (C,-1) I tried substituting H and L, I tried AVG, I tried the nos
of
> advancing and declining stocks in the index, I tried every damn
thing
> I could think of, and still do occaisionally.
> I haven't yet found an improvement to the current formula and would
> welcome suggestions.
>
> Regds
> Gerard
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, Ken Close <ken45140@> wrote:
> >
> > Gerard:
> >
> > Thanks for your kind words and for pointing me towards the files
> you posted.
> > I have plotted the Bigot code--looks good, will study further.
> > I tried to get the Dow Waves info you posted and Waves1 is there
> but "Doc
> > not Found" comes up on clicking on Waves2 and Waves3.
> > Can you email those files to me directly or repost in the files
> section.
> >
> > Many thanks--much appreciated.
> >
> > Ken
> >
> > -----Original Message-----
> > From: amibroker@xxxxxxxxxxxxxxx
[mailto:amibroker@xxxxxxxxxxxxxxx]
> On Behalf
> > Of Gerard Carey
> > Sent: Monday, November 10, 2008 7:25 AM
> > To: amibroker@xxxxxxxxxxxxxxx
> > Subject: [amibroker] Re: What is your favorite Volume based
> indicator, or...
> >
> > Hi Ken
> > I specialise in 'Pullback' trades and utilise "Dow Volume
Bigotry"
> > which I placed in the Files section a few months back. I decided
> that I
> > needed to track volume that ascertained the commitment of
> traders/investors
> > to the predominant trend. The file contains an comprehensive
> explanation of
> > DVB's construction and use.
> > May I also add a thanks for your many valuable contributions to
the
> list.
> >
> > Regds
> > Gerard
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, "Ken Close" <ken45140@> wrote:
> > >
> > > more generally, how do you best use volume in determining setups
> > and trades?
> > >
> > > After years of working with the FastTrack data source, which
does
> > not have
> > > volume, I am branching out into ETF and even stock analysis and
> > want to add
> > > Volume to the mix....because I am finally able to. But I find
> that
> > I am
> > > starting from ground zero in terms of what are popular volume-
> based
> > > indicators and other useful ways to use volume.
> > >
> > > Care to share an indicator or two that you have found useful and
> > effective?
> > >
> > > I appreciate any suggestions.
> > >
> > > Thanks.
> > >
> >
> >
> >
> > ------------------------------------
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