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Lionel,
I thought so too.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@xxx>
wrote:
>
> 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@>
> 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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