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Normalized volume can be used in any time frame and will give the same
results as CMV except that it will enable one to compare day one with day
nine or day nine with any other day without regard to the fact that one day
had very heavy volume and another had very light volume. Intra day you would
be able to compare 1015 to 1130. aside from the normalization aspect which
would be in percentages rather than actual total volume as in CMV , which is
one of my most reliable indicators, one should not get any different results
if you normalize CMV .Only difference is that nomalization gives empirical
results..
Dom
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, March 01, 2001 8:48 AM
Subject: Re: [RT] MKT - INDU
> My short term intraday is to plot 3 minute bars of cumulative net volume
so
> using the normalized approach would give quite a different picture. Then I
> also look at it on an end of day basis. The attachment shows the intraday
> CV for the Nasdaq. Yesterday's chart had it for end of day.
>
> bobr
>
> ----- Original Message -----
> From: <c_r@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, February 28, 2001 9:22 PM
> Subject: Re: [RT] MKT - INDU
>
>
> > BobR,
> >
> > What is your "short term"? intraday? or a few to several days? Are you
> > relating volume to price change or plotting the volume per cent as a
> > separate line below the price chart? I try to track volume vs. price
> > direction but haven't tried this particular approach.
> >
> > Charles Marchand
> >
> >
> > At 08:20 PM 2/28/01 -0800, you wrote:
> > >I tried that (U-D)/(U+D) once and it just didn't look good on the short
> term
> > >basis. The feel I got was that comparing this period with a period
years
> > >ago and using the normalization made a lot of sense, but it just seemed
> to
> > >cut the edge off the volume emphasis day to day. In the short run the
> total
> > >volume and total issues don't change much. In the long run they do.
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
>
> To unsubscribe from this group, send an email to:
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>
>
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>
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