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Price Volume Indicator



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Hi All,

I saw this on Jan Arp's site and I was wondering if anyone has any comments 
on it. Does anyone else know of an indicator that would do the same job?

This is from his site...
Radar 1 Fear/Greed Indicator A histogram which compares the relationship 
between price changes and volume changes to identify whether the bulls or 
the bears are in control. An excellent oscillator for divergence analysis 
and for identifying trend persistence.

Regards,
Paul