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And with Global Variables you could sum any number of 50
stock summations and plot the results on a single "master"
chart.
Clyde
----- Original Message -----
From: "Bob Fulks" <bfgroups@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, March 13, 2007 03:54 PM
Subject: Re: [RT] Monday 3/12 - A Down Day
> 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 Links
>
>
>
>
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