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I use a modified WilliamsAccDis. I average today with the day before to
smooth it a little, and then I put a 20 period Bollinger Band around it
with 1.5 Std on each side. It seems fairly reliable that when the
smoothed WilliamsAccDis crosses above the top Bollinger Band, prices
rise, and when it crosses the bottom band prices fall. The 1.5 Std
bands are used to acknowledge that there is a randomness to all this,
and that a move beyond 1.5 standard deviations of a 20 period average is
significant and not noise.
WilliamsAccDis uses the relationship of the open price to determine
AccDis, no Volume is used. OBV uses a +/- summation of volume depending
if the close is up or down. In the future, I I want to combine
WilliamsAccDis, OBV, and an exponential volume oscillator with Bollinger
Bands.
Tim Proeber
tproeber@xxxxxxxxxx
> -----Original Message-----
> From: Mosonny [SMTP:Mosonny@xxxxxxx]
> Sent: Monday, March 09, 1998 1:45 AM
> To: RealTraders Discussion Group
> Subject: Accumulation/distribution and volume indicators
>
> I was wondering if anyone had opinions on which are the best volume
> and/or
> accumulation/distibution indicators.
> It seems we use hundreds of variations of momentum indicators that all
> seem to
> measure the same things, but if there were a good accum/distib.
> indicator that
> really worked, it would be very helpful, perhaps to use in conjuction
> with
> Moving avg.'s or momentum indicators.
>
> Also, there was one I found somewhere, and managed to lose, called
> Markstein's
> accum/distribution indicator. If anyone can tell me more about this
> indicator, and where I can find it, I would appreciate it.
>
> Thanks for your help in any of the above.
>
> Maurice Sonnenwirth
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