Re: PVT Normalized

[Lars Widlund <Lars.Widlund@xxxxxxxxxxxxxxxxx>]

Dan.
I made an metastockformula on your PVT-indicator so that I can change the method
of the MA. I made one for the short one and one for the long indicator.

There are some differenties with the different methods as you can se.

And here are the formulas.

Short Line:

ShortMA:= Input("Enter shorter moving average periods",1,32000,5);
LongMA:= Input("Enter Shorter moving average periods",1,32000,19);
HiLo:= Input("Enter periods for HHV and LLV",1,32000,19);
mat:=Input("MA Type:S,E,W,T",1,4,4); {1=S,2=E,3=W,4=T}

If(mat=1,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,S),ShortMA,S),

If(mat=2,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,E),ShortMA,E),

If(mat=3,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,W),ShortMA,W),

If(mat=4,Mov(Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,T),ShortMA,T),0))))

Slow Line:

LongMA:= Input("Enter longer moving average periods",1,32000,5);
HiLo:= Input("Enter periods for HHV and LLV",1,32000,19);
mat:=Input("MA Type:S,E,W,T",1,4,1); {1=S,2=E,3=W,4=T}

If(mat=1,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,S),

If(mat=2,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,E),

If(mat=3,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,W),

If(mat=4,Mov((PVT()-LLV(PVT(),HiLo))/(HHV(PVT(),HiLo)-LLV(PVT(),HiLo)),LongMA,T),0))))

Lars



Dan Harels wrote:

> Murat,
>
> I am glad I could make a contribution that you found useful.  Your post made
> my day.  For the normalized PVT, I just took Chande's, and perhaps others,
> idea for a a normalized RSI (i.e. StochRSI) and applied it to PVT.  PVT is a
> more refined version of on balance volume.  The idea is presented along with
> many good ideas in a very worthwhile book called the "The New Technical
> Trader" by Chande and Kroll.
>
> I use a fast and slow, normalized version of PVT and interpret their action
> the same way I would interprete price stochastics lines.  That is, I watch
> for crossovers in oversold or overbought areas and for divergences.
>
> I am a disgressionary, swing trader and I watch price (candlesticks) and
> trendlines first and formost.  I also pay quite a bit of attention to
> StochRSI to identify overbought and oversold conditions.  With this style, I
> use normalized PVT as a distant secondary indicator only to confirm my other
> analysis.
>
> You Murat, or others, may have payed closer attention to the signals it
> offers and I would be interested in learning from your observations.  The
> formulas I have been using without testing or optimization are shown below:
>
> Fast Line
>
> Mov((PVT()-LLV(PVT(),19))/
> (HHV(PVT(),19)-LLV(PVT(),19)), 5, S)
>
> Slow Line
>
> Mov(Mov((PVT()-LLV(PVT(),19))/
> (HHV(PVT(),19)-LLV(PVT(),19)), 5, S),3,S)
>
> I am usually in trades for an average of six or seven trading days and I am
> a very slightly better than break even trader.
>
> Dan
>
> >From: Mikey <mtg1021@xxxxxxxxxxxxx>
> >Reply-To: metastock@xxxxxxxxxxxxx
> >To: metastock@xxxxxxxxxxxxx, Murat Kuntel <mkuntel@xxxxxxxx>
> >Subject: Re: PVT Normalized
> >Date: Sat, 28 Jul 2001 23:26:02 -0500
> >
> >what is this indicator that you are talking about?? i must have missed it
> >is
> >there any way that you could share the details of it???
> >
> >Murat Kuntel wrote:
> >
> > > Dan Harels,
> > >
> > > Last month you graciously shared with us an indicator that you
> >developed, a
> > > normalized PVT which you suggested works like Stochastics.  I have been
> > > observing it since then and I like it very much.  I noticed that at
> >times
> > > it leads, and at other times it keeps from an early exit for good
> > > reason.  First, I thank you for sharing it with us.  Secondly, I would
> > > appreciate if you may share any interesting patterns that works with
> >this
> > > indicator.
> > >
> > > Thank you again.
> > > Murat
> >
>
> _________________________________________________________________
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