Re: [RT] Normalized Weighted Volume Indicator

[Dan C <zinnwaldite@xxxxxxxxxxxxx>]

Bob,

What is the "1" in brackets?

Dan

Bob Fulks wrote:

I modified the original "Weighted Volume" as I described before to use "TrueRange" rather than "Range":

Vol = Vol + (Volume / Average(Volume, Length)) * (Close - Close[1])/TrueRange;;

I then added a Reference line calculated as:

Ref = Ref + (Close - Close[1])/TrueRange;

I then subtracted the Reference line from the weighted volume to arrive at a Normalized Weighted Volume:

NWV = Vol - Ref;

Attached are some pictures.

In the top subgraph of each, the Price is green, the Weighted Volume is red, and the Reference is blue.

In the bottom subgraph of each, the Normalized Weighted Volume ("NWV") is the black curve.

These are weekly bars for several stocks.

I found it interesting that the black curve for SPY (and QQQQ) move down continuously. Can anyone suggest a reason why?

Bob Fulks

---

---

---

---

No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.446 / Virus Database: 268.18.11/721 - Release Date: 3/13/2007 4:51 PM
  

__._,_.___

SPONSORED LINKS

Small business finance	Business finance online	Business finance training
Business finance course	Business finance schools

Your email settings: Individual Email|Traditional
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe

__,_._,___