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Did anyone already figured it out how to code this indicator into Metastock
?
I would be very interested in hearing from him.
Many thanks
Mickey
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Michel Amelinckx
> Sent: woensdag 30 augustus 2000 14:44
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: WCVFI indicator
>
>
> This is the explanation of the indicator
>
> THE INDICATOR
>
> To track the float turnover, you need a source for the float
> numbers. I use
> two publications on which to base my calculations: the
> Investor's Business
> Daily newspaper and the Daily Graphs charting service. For my
> work, I used
> Omega Research's charting software, SuperCharts.
>
> Here's how the WCVFI works. The float is a variable input
> value that must be
> entered for each different stock under consideration.
> Starting on any given
> day and working backward, the current day's volume is added
> to the previous
> day's volume and adds that to the next previous day's volume
> and so on. As
> each volume number from the past is added cumulatively, the computer
> compares the running total with that particular stock's
> float. When the
> cumulative total is equal to or greater than the float, a dot
> is placed
> above that particular bar on the chart.
>
> Then two horizontal lines are plotted on the chart. The top
> line shows the
> highest price reached during the backward count, and the
> bottom line, the
> lowest price. These lines serve as trigger lines for the buy and sell
> signals. When the stock's price goes through the top line it
> gives a buy
> signal, and when it goes through the bottom line it gives a
> sell signal. The
> lines extend backward from the starting date to the bar,
> where the float has
> gone through one complete turnover.
>
> Some stocks with a small float may take months or years to go
> through one
> complete turnover, while other stocks with large floats may
> have a rapid
> turnover in a matter of days.
>
> The program is set up to start counting backward from any
> date entered for
> historical studies or set for the present date form constant
> updates. If a
> stock's price is rising day after day, the program gives buy
> signals each
> time the price goes through the line set from the previous
> day's highest
> price reached. Looking at stocks reveals four patterns that
> occur often
>
> > -----Original Message-----
> > From: owner-metastock@xxxxxxxxxxxxx
> > [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of
> > leo.timmermans.lt@xxxxxxxxxxxxxxxx
> > Sent: woensdag 30 augustus 2000 10:28
> > To: - *metastock@xxxxxxxxxxxxx
> > Subject:
> >
> >
> > Hello,
> >
> > Has anybody implemented the WCVFI (Woods Cumulative Volume
> > Float Indicator) and
> > willing
> > to share it ? Anybody experience with Float Analysis ?? (see
> > www.floatanalysis.com)
> >
> > Thanks,
> >
> > Leo
> >
>
>
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