|
PureBytes Links
Trading Reference Links
|
The attached picture is your formula for one stock, AA, in this case.
In the top subgraph, your formula value is red referencing the left scale and the price is green referencing the right scale.
In the bottom subgraph, I divided your formula by the price to normalize it.
TradeStation can easily sum these values across up to 50 stocks on one chart.
Bob Fulks
At 04:20 PM 3/13/2007, Pete Lieber wrote:
>For years and years now (ever since I bought an original IBM PC) I been trying to use volume to track the market. For most of those years I have been using the formula of Prev + ((V / average(V, 30) * (( C - C[1])/(H - L))) for each of the Dow 30 component stocks and then adding all 30 results together. Trouble is volume analysis for big cap stock does not work as well as for mid-cap (i.e., less widely held companies). I've assumed this is because much of the volume in these biggest of big cap stocks is generated by program trading and thus volume is not neccessarily a precurser/indicator to future price movements. Lately to circumvent this problem, I've used surrogates for the Dow 30 - thus my "unique market volume" statement.
------------------------ Yahoo! Groups Sponsor --------------------~-->
Transfer from your equities account.
Receive up to $1,000 from GFT. Click here to learn more.
http://us.click.yahoo.com/aZttyC/X_xQAA/cosFAA/zMEolB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/realtraders/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/realtraders/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:realtraders-digest@xxxxxxxxxxxxxxx
mailto:realtraders-fullfeatured@xxxxxxxxxxxxxxx
<*> 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/
Attachment:
Lieber.01.png
Description: PNG image
|
