Thank you Ben. I've spent
MANY hours working with the formula that you've posted on this
site in the past but
it appears you are obviously using a different formula. Since I spent so
much time on this project; I was just curious how the CV indicator
looks currently. Your formula certainly
doesn't translate into the following:
CUM(advancing volume/advances - declining
volume/declines)
or in Trade Station language:
CUM(c of data2/c of data3 - c of data4/c of data5)
So; it appears to me that the volume data must be in
error. Alternatively; I don't understand what you
are attempting to
communicate. I am posting a
separate chart to the list; underneath which you will
see a yellow line titled 'bagholder'. I think it speaks for
itself.
My FINAL conclusion with all this is that it seems
one would need to attend one of your seminars to get
the ACCURATE TS code or Excel
spreadsheet information; correct? That's OK too; I just wish I
hadn't
spent so much time trying to work with incomplete and or
inaccurate information.
Best wishes,
Chas
----- Original Message -----
Sent: Thursday, June 23, 2005 11:34
AM
Subject: Re: [RT] CUMULATIVE VOLUME
INDICATOR
the cumm volume is showing BULLISH
divergence
see chart
top line is volume bottom is spx
Ben
(this means 2-4 days we reach new
high)
NORMALLY 90% of the time
----- Original Message -----
Sent: Thursday, June 23, 2005 9:19
AM
Subject: [RT] CUMULATIVE VOLUME
INDICATOR
Ben-
Any chance you can post a chart of your CV
indicator to the list? Tks for any feedback.
Chas