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Equis International has a program called IRL produced by another party that they are selling. I am using IRL and it will create the DJ-30 Index along with its true volume. This volume is equal to sum of each stock's volume. It functions well and it is my thought that these volume figures are more representative and indicative for stock market analysis. For instance: I get suspicious about rallies without proper volume to support it. Lately the DJ-30 stocks have appeared lousy to me.
Incidentally with IRL you may make indices consisting of any stocks you wish to include.
-----Original Message-----
From: Steven Buss [SMTP:sbuss@xxxxxxxxxxx]
Sent: Friday, October 31, 1997 9:10 PM
To: Metastock-list
Subject: Combining Major Market Indices with Appropriate Volume...
Just tried an approach to combining the Dow Industrial Average with the
corresponding NYSE Volume. It appears to work. Wanted to find out if
anyone else had tried it and found problems with it.
1 The NYSE Volume symbol places the volume quantity in all the price fields
as well. These have to be deleted. Use downloader to edit the data file.
Select the Open/Low/High/Close columns. Press delete. This clears these
cells and puts 0 in instead.
2 Use Downloader to create a File/New Composite. Make the primary security
the Dow Jones Average. Make the secondary security the NYSE volume
security. File/Save the composite security. It appears that these two
securities need to be in the same directory.
3 The difficulty is that downloads will populate the NYSE volume security
file price fields with volume data. This is cumbersome but if you want
candle- and equi-volume bad enough it only takes a second.
Anyone see a problem with doing it this way?
Steven Buss
Walnut Creek, CA
sbuss@xxxxxxxxxxx
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