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RE: [EquisMetaStock Group] Re: Palmer Indicator



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Preston:

This is one of the few good articles on volume that I have seen.

Thank you for this link.

 

Lionel

 

From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of pumrysh
Sent: Saturday, May 19, 2007 4:14 AM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: Palmer Indicator

 

Mark,

Interesting concept. Palmer is a rain gauge so applied to market 
analysis it would make sense that it is a volume study. 

There is another name that you might consider...normalized volume 
indicator. This may be a term more familiar to technical analyst. 
Here's an article that you might want to look at:

http://www.activetradermag.com/downloads/bollinger0302.pdf

could be that it will save you a few steps.

After you read the article and you still feel the need to continue 
let me know.

Hope this helps,

Preston

--- In equismetastock@xxxxxxxxxxxxxxx
<mailto:equismetastock%40yahoogroups.com> , markumansky <no_reply@xxx> 
wrote:
>
> Can someone help me build an indicator that would show me current
> volume relative to recent history. The theory goes like this:
> - The current volume is divided by (45-day highest volume minus 45-
day
> lowest volume times 100) to yield a percentage of range. 
> - Then averaged the percent volume over 5 days to smooth it and 
better
> see a trend. 
> - Then, put a Buy alerts at 67% and a Sell 33%. 
> 
> Any coding assistance would be greatly appreciated!!!!!!
> 
> Thanks!
> Mark
>

 



[Non-text portions of this message have been removed]



 
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