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Jim
If I do
Sum(
If( C, >, Ref(C,-1), +V*C-Ref(C,-1),
If( C, <, Ref(C,-1), -V*C-Ref(C,-1), 0) ),18)
with a moving average of 9, I think I am not very far ?????
I just try with their example CYCH
Any opinion or improvment ???
MG
At 12:54 AM 1/24/99 -0500, you wrote:
>Many years ago, when the father of the current owners of TC2000 was active he
>published a market news letter. I believe it was called the Worden Tape
>Reader. He had an indicator he called Tick Volume. For any given security, he
>measured the volume on every tick up or down and accumulated the value. Up
>tick volume was positive, down tick volume was negative. Increasing
>accumulative tick volume was an indication of buying pressure. If I'm not
>mistaken, there approach actually preceded Joe Granville's On Balance Volume
>work/publication.
>
>About 5 -6 years ago, I had a lengthy conversation with one of the current
>Worden brothers and I got the clear impression that Time Segmented Volume is
>the same as his fathers' tick volume.
>
>As such, there is nothing in MetaStock EOD that would measure tick volume. I
>don't know if something in MetaStock Real Time can do the same thing.
>
>Good luck and good trading,
>
>Jim Barone
>
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