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Hello Ben,
I apologize for misspelling your name.
As for indicator, thank you for explanation, but frankly I found no
much difference with OBV - see attached. The code that produced it:
=======================
var: bp(0);
if BarNumber=0 then bp=0;
if c>c[1] and c>o then bp=bp[1]+v;
if c<c[1] and c<o then bp=bp[1]-v;
Plot1(bp,"bp");
=======================
Best regards,
Alex mailto:alex_bell@xxxxxxx
Wednesday, November 14, 2001, 7:07:06, you wrote:
p> Hello
p> it is Ben not Bob
p> It is prorierty indicator,, the simple version is if close is > then last
p> close and ,, the the close is above today's open add today's volume
p> to buying pressure
p> if close is under yesterdays close and,, today's close is under today's
p> open.. deduct today's volume
p> run it in Ts and compare it to the std obv and SEE the difference
p> Ben
p> ----- Original Message -----
p> From: "Alex Bell" <alex_bell@xxxxxxx>
p> To: "profitok" <realtraders@xxxxxxxxxxxxxxx>
p> Sent: Tuesday, November 13, 2001 9:44 PM
p> Subject: Re[2]: [RT] Re: nasdaq byying power
>> Hello Bob,
>>
>> How do you calculate buying and selling power? What formulas?
>>
>>
>> Thank you,
>> Alex mailto:alex_bell@xxxxxxx
>>
>>
>> Wednesday, November 14, 2001, 5:26:16, you wrote:
>>
>> p> The opposite
>>
>> p> After a small pull back to 11/19-11-21 we should continue MUCH
>> p> higher,, as the 10 weeks buying power is above the 10 weeks selling
>> p> pressure,,
>> p> this is a conservative entry for the 401k and IRA money,, and ENJOY
p> the
>> p> end of the year rally
>> p> Ben
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