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In a message dated 1/16/00 8:57:14 AM Eastern Standard Time, GREHERT@xxxxxxx
writes:
<< I generally compare today's volume with a 40 day SMA of Volume; or an even
better method I'm moving to is to use the (StockVol)/(S&PVol) ratio as a way
to correct for quiet days in the market. >>
Jerry,
I wrote an Adaptive Moving Avg. with a volume ratio to speed up an
exponential average. If the vol/(20 day avg. vol) was less than one, then
the output is 1*the exponential (say, .095); if the ratio is greater than 1,
then ratio*exponential. I did this in Excel, but could not get it to work in
Metastock, because if today had a new multiplier, that new number would be
plugged into the whole series. Don't know if I am making it clear. If you
want the formula to play around with, let me know, it did a pretty good job
of responding to changes in volume.
RayF
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