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This seems to be a short term indicator for day
trading, options and futures.
Have you tried modifying it for longer terms
trading?
How do you interpret the signals?
Lionel Issen<A
href="mailto:lissen@xxxxxxxxxxxxxx";>lissen@xxxxxxxxxxxxxx
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Larry & Paula
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Sunday, June 10, 2001 12:55
PM
Subject: Volume Indicaters
Greetings
Long time lurker and have only asked a few
questions in the past four years. How so ever I have been a little
unhappy with the volume indicators that are available and so I tried something
new, that is was new to me.
One of favorite indicators is the Stochastic
Momentum Index set at 5,3,3 so I made one for volume. I like
the way it appears to be working so far. I haven't used it long
enough to know it inside out but there is some promise here.
It can divert and can turn before tops and
bottoms. Using it with Stochastic Momentum Index makes for an
interesting study. Here is the formula, some of you wizards at
there maybe able to help improve it.
<FONT face=Arial
size=2>100*(Mov(Mov(V-(0.5*(HHV(V,5)+LLV(V,5))),3,S),3,S)/(0.5*Mov(Mov(HHV(V,5)-LLV(V,5),3,S),3,S)))
And then I use a three day moving average from
there.
Maybe some one has a favorite
custom volume indicater that they would like to share.
Prosper and Good Health
Larry
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