|
PureBytes Links
Trading Reference Links
|
Vignesh
Can I email you in private?
DusantChief Architect<A
href="">http://www.candlestrength.com/
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Vignesh
Eswar
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: Friday, July 02, 2004 11:47
AM
Subject: RE: [EquisMetaStock Group]
Question on color coding price & volumn
<SPAN
>Andrew/ <SPAN
class=SpellE>Dusant,
<SPAN
>from<FONT
face=Arial color=navy size=2><SPAN
> a layman’s point of
view it seems pretty simple. If the data provider gives out every trade as a
price and volume at a time, than all that needs to be done is to flag each
trade as a hit on a bid or offer. Then cumulating them becomes a simple
matter. The rest follows. Catching Block trades is just a simple matter of
running a filter which flags trades with tick volume greater than whatever
limit u set. I use a proprietary live feed…which is net based….but they
provide data only for the Indian markets …so I wonder if you would be
interested. Dusant<SPAN
class=GramE> ?
<SPAN
>
<SPAN
>Regards,<FONT
color=navy><SPAN
>
<SPAN
>Vignesh
Eswar<SPAN
>
<SPAN
>Trade
Well. Trade Wise.
<SPAN
>-----Original
Message-----From: Andrew
Tomlinson [mailto:andrew_tomlinson@xxxxxxxxxxx] <SPAN
>Sent<SPAN
>: Thursday, July 01, 2004 9:25
AMTo:
equismetastock@xxxxxxxxxxxxxxx<SPAN
>Subject: RE: [EquisMetaStock Group]
Question on color coding price & volumn
<FONT face="Times New Roman"
size=3>
<FONT face="Courier New"
size=2>Sounds great Vignesh. I guess the
question is, whether the data provider can<FONT
face="Courier New" size=2><SPAN
><FONT
face="Courier New">distinguish bids and offers from end customers vs. market
makers and caninclude block
trades. What data have you used and are you satisfied
onthese
points?<FONT
face="Courier New">Andrew<FONT
face="Courier New">-----Original Message-----<FONT
face="Courier New">From: Dusant [mailto:dusant@xxxxxxxxxxxxxxxxxx]
Sent: Wednesday, June 30, 2004
11:10 PMTo:
equismetastock@xxxxxxxxxxxxxxx<FONT
face="Courier New">Subject: Re: [EquisMetaStock Group] Question on color
coding price & volumn<FONT
face="Courier New">Great idea, Vignesh.<FONT
face="Courier New">Provided the data vendor supports the bid/ask/volume data.
Dusant ChiefArchitect <A
href="">http://www.candlestrength.com/<FONT
face="Courier New"> ----- Original Message -----
From: Vignesh Eswar <mailto:vignesh@xxxxxxxxxxxxxxx>
To: equismetastock@xxxxxxxxxxxxxxx <FONT
face="Courier New"> Sent: Wednesday, June 30,
2004 4:53 PM<FONT
face="Courier New"> Subject: RE: [EquisMetaStock
Group] Question on color coding price &<FONT
face="Courier New">volumn<FONT
face="Courier New"> Mr. Tomlinson /
superfragilistic, <FONT
face="Courier New"> <FONT
face="Courier New"> There is one logical way to
separate the buying volume from the<FONT
face="Courier New">selling volume. We assume that if the offer is taken
then it constitutes abuy and if
the bid is given then it constitutes a sell. There is a
counterrunning that cumulates the
volumes on the bid and on the offer. One usually<FONT
face="Courier New">gets a very good indication of what the dominant pressure
is and where thereis a pressure
shift by plotting the difference of these two running
totals.This is also great for
picking up accumulation and distribution days when a<FONT
face="Courier New">divergence occurs. Price goes up on net negative volume
(volume at bids aregreater) on a
distribution day and vice versa. Obviously this works only
onintraday data with tick volume.
My two bits for what its worth. Hope it<FONT
face="Courier New">helps.<FONT
face="Courier New"> <FONT
face="Courier New"> Best
Regards,<FONT
face="Courier New"> Vignesh
Eswar<FONT
face="Courier New"> <FONT
face="Courier New"> -----Original
Message-----<FONT
face="Courier New"> From: Andrew Tomlinson
[mailto:andrew_tomlinson@xxxxxxxxxxx] <FONT
face="Courier New"> Sent: Thursday, June 17,
2004 1:57 AM<FONT
face="Courier New"> To:
equismetastock@xxxxxxxxxxxxxxx<FONT
face="Courier New"> Subject: RE: [EquisMetaStock
Group] Question on color coding price &<FONT
face="Courier New">volumn<FONT
face="Courier New"> <FONT
face="Courier New">
Superfragalist<FONT
face="Courier New"> <FONT
face="Courier New"> No offense taken,
particularly as I have only just understood the<FONT
face="Courier New">point you<FONT
face="Courier New"> are trying to make (my
slowness, not yours). Actually I'm still a<FONT
face="Courier New">little<FONT
face="Courier New"> confused - as there is a
buyer and a seller to every trade, how can<FONT
face="Courier New">you<FONT
face="Courier New"> separate out the volume
associated with buys from that associated<FONT
face="Courier New">with<FONT
face="Courier New"> sells? The only thing close
that I can think of are the indicators<FONT
face="Courier New">that try<FONT
face="Courier New"> to allocate volume according
to the nature of the price move, like<FONT
face="Courier New">Chaiken<FONT
face="Courier New"> Money Flow, or which track
the size of trades on up or down ticks,<FONT
face="Courier New">like<FONT
face="Courier New"> Birinyi's Money Flow Index,
so as to try to take a guess at<FONT
face="Courier New">separating<FONT
face="Courier New"> customer from dealer volume.
What am I missing?<FONT
face="Courier New"> <FONT
face="Courier New">
Andrew<FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> -----Original
Message-----<FONT
face="Courier New"> From: superfragalist
[mailto:no_reply@xxxxxxxxxxxxxxx] <FONT
face="Courier New"> Sent: Wednesday, June 16,
2004 12:04 PM<FONT
face="Courier New"> To:
equismetastock@xxxxxxxxxxxxxxx<FONT
face="Courier New"> Subject: Re: [EquisMetaStock
Group] Question on color coding price &<FONT
face="Courier New">volumn<FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New">
Andrew<FONT
face="Courier New"> <FONT
face="Courier New"> I don't mean to be
obstinate. I understand from your post you're <FONT
face="Courier New"> using this as a visual aid.
However, it's a misleading visual aid <FONT
face="Courier New"> that most of the newbie's
aren't going to understand. They are going<FONT
face="Courier New"> to think that they are
looking at a volume bar that is totally made <FONT
face="Courier New"> up of the volume that was up
or down. The formula is passed around <FONT
face="Courier New"> without an explanation as if
it's a way around something that should<FONT
face="Courier New"> have been done in MS to
begin with. <FONT
face="Courier New"> <FONT
face="Courier New"> You may be able to keep the
meaning of this visual aid straight in <FONT
face="Courier New"> your mind, but most people
can't. They see those red bars and those <FONT
face="Courier New"> green bars and they think
down or up, not total volume with some of <FONT
face="Courier New"> the volume up and some down.
The only volume that is given in MS is total volume. That needs
tobe <FONT
face="Courier New"> made clear to newbie's.
There's no way around using total volume and<FONT
face="Courier New"> total volume is not up or
down volume, it is both added together.<FONT
face="Courier New"> <FONT
face="Courier New"> In the example I gave
regarding the NYSE, you'll find many days<FONT
face="Courier New">where <FONT
face="Courier New"> the up volume is higher than
the down volume but the price of a <FONT
face="Courier New"> tracking stock like the SPY
(closet thing we have to a tracking<FONT
face="Courier New">stock- -you<FONT
face="Courier New"> could use the index) still
declined. <FONT
face="Courier New"> <FONT
face="Courier New"> There are services that
provide up and down volume for each symbol, <FONT
face="Courier New"> but you have to use an
additional program running with MS, which <FONT
face="Courier New"> means you can't incorporate
the numbers into MS for analysis, unless<FONT
face="Courier New"> you export them to excel and
import then into MS daily. <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> --- In
equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson" <FONT
face="Courier New">
<andrew_tomlinson@xxxx> wrote:<FONT
face="Courier New"> >
> Guys<FONT
face="Courier New"> >
> As I understood the enquiry, and as I use this color-coded
volume<FONT
face="Courier New">
indicator,<FONT
face="Courier New"> > the intent is simply to
provide an easier visual appreciation of<FONT
face="Courier New"> whether
the
> periodic price movement is supported by volume. In particular,
wasa <FONT
face="Courier New"> > particular day an
accumulation day (higher price on heavier<FONT
face="Courier New">volume)<FONT
face="Courier New"> or
a
> distribution day (lower price on heavier volume). This is
how
Investor's<FONT
face="Courier New"> > Business Daily presents
its charts in the newspaper and on its<FONT
face="Courier New"> website,
for
> example.<FONT
face="Courier New"> >
> No new information is provided. It's just a visual aid. The
height<FONT
face="Courier New"> of
the
> histogram bars still give you periodic volume. We're just
coloring<FONT
face="Courier New"> the
bars<FONT
face="Courier New"> > to include some price
information.<FONT
face="Courier New"> >
> I use the following for a distribution day:<FONT
face="Courier New"> >
> If(C<Ref(C,-1) AND V>Ref(V,-1),V,0), which I color as a
thickerred
> histogram bar.<FONT
face="Courier New"> >
> You could make it more discriminating by referring to
average<FONT
face="Courier New"> volume
rather<FONT
face="Courier New"> > than yesterday's
figure. Also if you want to do this for the<FONT
face="Courier New">indices <FONT
face="Courier New"> > (NASDAQ, S&P500)
you have to use the security function for the<FONT
face="Courier New">price <FONT
face="Courier New"> > reference, or use the
appropriate ETF as a proxy.<FONT
face="Courier New"> >
> Andrew<FONT
face="Courier New"> >
> -----Original Message-----<FONT
face="Courier New"> > From: praktikus_ms
[mailto:praktikus@xxxx]<FONT
face="Courier New"> > Sent: Wednesday, June
16, 2004 4:20 AM<FONT
face="Courier New"> > To:
equismetastock@xxxxxxxxxxxxxxx<FONT
face="Courier New"> > Subject: Re:
[EquisMetaStock Group] Question on color coding
price<FONT
face="Courier New"> &
volumn<FONT
face="Courier New"> >
> <FONT
face="Courier New"> >
Andrew,<FONT
face="Courier New"> >
> If you look at up and down days (what is related to prices)
andyou<FONT
face="Courier New"> > are coloring volumebars
according to this up and down days, the <FONT
face="Courier New"> > source of the colored
bars is related to the price action and not <FONT
face="Courier New"> to <FONT
face="Courier New"> > the volume. If our data
supliers would provide more than just<FONT
face="Courier New">plain<FONT
face="Courier New"> > volume, perhaps
something like volume ticking up/down we would<FONT
face="Courier New">have <FONT
face="Courier New"> > another source for
color coding by volume. By now coloring volume <FONT
face="Courier New"> not
> related to price action is limited to comparing it to the
volume<FONT
face="Courier New"> info
> as a whole.<FONT
face="Courier New"> >
> Martin<FONT
face="Courier New"> >
> <FONT
face="Courier New"> >
> --- In equismetastock@xxxxxxxxxxxxxxx, "Andrew
Tomlinson"<FONT
face="Courier New"> >
<andrew_tomlinson@xxxx> wrote:<FONT
face="Courier New"> > > "That formula is
simply price dependent volume which means if<FONT
face="Courier New">the <FONT
face="Courier New"> > > price goes up that
bar, it is assumed the volume must be<FONT
face="Courier New"> positive.
> > That relationship is ify at best. So all your getting is
your<FONT
face="Courier New"> price
> > line (c) repeated in colored bars."<FONT
face="Courier New"> > >
> > Actually, no. The formula gives you a volume histogram,
colored<FONT
face="Courier New"> > according
to
> > whether the price is up or down. It gives you volume, not
price.<FONT
face="Courier New"> >
> <FONT
face="Courier New"> >
> <FONT
face="Courier New"> >
> <FONT
face="Courier New"> > Yahoo! Groups
Links<FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> Yahoo! Groups
Links<FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New"> <FONT
face="Courier New">
Yahoo! Groups
Sponsor <FONT
face="Courier New">ADVERTISEMENT<FONT
face="Courier New">click here<FONT
face="Courier New"><<A
href="">http://us.ard.yahoo.com/SIG=129d5sn9r/M=295196.4901138.6071305.3001176/D=gr<FONT
face="Courier New">oups/S=1705375617:HM/EXP=1088737867/A=2128215/R=0/SIG=10se96mf6/*<A
href="">http://comp<FONT
face="Courier New">anion.yahoo.com>
<<A
href="">http://us.adserver.yahoo.com/l?M=295196.4901138.6071305.3001176/D=groups/S=<FONT
face="Courier New">:HM/A=2128215/rand=701273026>
<FONT
face="Courier New"> _____ <FONT
face="Courier New">Yahoo! Groups Links<FONT
face="Courier New">* To visit your group on the
web, go to:<FONT
face="Courier New"> <A
href="">http://groups.yahoo.com/group/equismetastock/<FONT
face="Courier New">
*
To unsubscribe from this group, send an email to:<FONT
face="Courier New">
equismetastock-unsubscribe@xxxxxxxxxxxxxxx<FONT
face="Courier New"><mailto:equismetastock-unsubscribe@xxxxxxxxxxxxxxx?subject=Unsubscribe>
<FONT
face="Courier New">* Your use of Yahoo! Groups
is subject to the Yahoo! Terms of Service<FONT
face="Courier New"><<A
href="">http://docs.yahoo.com/info/terms/>
. <BR
><BR
>
Yahoo! Groups Sponsor
ADVERTISEMENT
Yahoo! Groups Links
To visit your group on the web, go to:http://groups.yahoo.com/group/equismetastock/
To unsubscribe from this group, send an email to:equismetastock-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|