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Re: [amibroker] turnover / volume



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I use Bodhi Freeway and get turnover from them

I also did a check of the actual turnover and formulae and found V*C
close enough.
I also tested against (H+L)/2, (O+H+L+C)/4, Average, (O*2+H+L+C*2)/6
with little variation.


On Fri, 25 Feb 2005 23:54:42 -0000, imac2112 <ian@xxxxxxxxxxxxxxxxxx> wrote:
> 
> 
> Hi all,
> 
> I really like the idea of using turnover in conjunction with volume.
> The reason I like turnover is because it can often show the level of
> interest in a stock a bit more accurately than volume especially if
> the price is going up. If the share price is increasing the volume
> can decrease even tho the market is showing the same or more
> interest in the stock. However, if turnover is maintaining or
> increasing with the rising share price this can give a more accurate
> indication than level of volume (which imo is only really helpful
> for determining liquidity). There are other applications but I'll
> get to the point ...
> 
> I reaslise that AB's turnover formula is 2 x Vol x closing price.
> 
> After that ramble I have a few questions:
> 
> 1. Is this formula based on anything in particular, or is it the
> best way to attempt to indicate actual turnover.
> 
> 2. Are there any data providers that provide actual daily
> dollar "turnover"? (I use AOT (now Comsec) and could manually input
> dollar turnover ("value" traded), but only for a few stocks that I'm
> watching.)
> 
> 3. If so, could AB handle this in a formula / indicator? Could it
> replace the current turnover indicator and overlay the price chart?
> 
> Hope all this makes sense.
> 
> Thanks / cheers
> Ian
> 
> 
> Check AmiBroker web page at:
> http://www.amibroker.com/
> 
> Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> Yahoo! Groups Links
> 
> 
> 
> 
> 


-- 
Cheers
Graham
http://e-wire.net.au/~eb_kavan/


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