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how about "force" - I think this came from Alex Elder
input: period(10);
variable: force(0);
force=xaverage((c-c[1])*v, period);
you might want to normalize it, i.e
force=xaverage(((c-c[1])/c)*v, period);
Also there's one based on open high low close:
whateverAD=((c-o)/(h-l))*v
(you would probably take a moving average)
Also we used to have a user function called "power" but unfortunately that
conflicts with a TS reserved word, so now it's called "thingie"
{thingie}
{goes from -0.5 to +0.5}
if h-l<>0
then
thingie=(c-l)/(h-l)-0.5
else thingie=0;
this basically measures where the close was relative to the center of the
bar. It probably would be revealing to take an average of this multiplied by
volume.
have fun!
phil
http://www.patterntrader.com
p.s. if you want something really interesting, look at v-v[1]... it's
endless
----- Original Message -----
From: <FrankKaeb@xxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, May 01, 2000 11:40 AM
Subject: best accumulation indicator for stocks?
> Wondering what people on this list feel is the best volume-based indicator
> for stocks. Which one best utilizes volume (and price action) to show
> accumulation or distribution of a stock with great reliability. Ideally
one
> that could be used to filter pure price-based signals.
>
> Frank
>
>
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