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Correction, L2 in the code description preface below should read L1.
BR
----- Original Message -----
From: BobR <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, April 05, 2000 4:33 AM
Subject: [RT] Re: MKT- NASDAQ
> Just to show how chaotic Tuesday was, take a look at the volume flow rate
in
> terms of millions of shares per minute. Virtually every day the pattern
is
> the same with high V/minute in the AM, a dip in mid day and then a pick up
> in the post lunch period. The low mid day is about 1.5 million shares per
> minute. On Tuesday the Flow Rate was unlike anything I've seen ever with
> rate peaks midday that occur near the open and close. Here is the
indicator
> code for making this plot. Maybe Clyde can clean it up to make it plot
> better.
>
> {BobRoeske 1/1/95
> This indicator takes the difference in @nvt total volume over a two bar
time
> period L2. The chart time period should be set to the same period if
shares
> per minute are desired. For example if the bars are 3 minute then L2
should
> be 3 or if bars are 5 minute then L2 should be = 5. Data 1 = @nvt}
>
> Inputs: L1(3),TrnLvl(1.5),StrtTime(0940),EndTime(1600),Len(3);
> Vars: FlowRate(0),TrendLevel(0);
>
> If Time >= StrtTime and Time <= EndTime then begin
> TrendLevel = TrnLvl;
> FlowRate = Average(AbsValue(C-C[1])/L1,Len);
> end;
>
>
> Plot1(FlowRate,"FlowRate");
> Plot2(TrnLvl,"TrnLvl");
> Plot3(0,"");
>
> BobR
>
> >
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Wednesday, April 05, 2000 3:54 AM
> > Subject: [RT] Re: MKT- NASDAQ
> >
> >
> > > Here are 2 year charts of daily NASDAQ McClellan Oscillator and
> > > McClellan volume oscillator - not pretty. While the NYSE models look
> > > much better, they have started to roll over a bit. As indicated in
> > > yesterday's post, the deep retracement in the SP has limited the
upside
> > > potential and I took index fund money off the table on the close. I
> > > believe that yesterday did enough technical damage to (at least
> > > temporarily) destablize the equity markets. Given the higher risk at
> > > this point, I will wait for the NYSE model to join the NASDAQ model in
> > > sell territory and re-evaluate when I get the next buy signal.
> > >
> > > Earl
> > >
>
>
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