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[amibroker] Re: OT: VCPI - Article in Active Trader February 2005



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--- In amibroker@xxxxxxxxxxxxxxx, "Ara Kaloustian" <ara1@xxx> wrote:
>
> David, Jim, Thanks for your responses...
> 
> David, your comments below reflect my experience with trying to use 
volume data ... it would sure be nice to have a good volume based 
indicator, ... 
> 
> Ara
>   ----- Original Message ----- 
>   From: David Fitch 
>   To: amibroker@xxxxxxxxxxxxxxx 
>   Sent: Friday, November 02, 2007 8:56 AM
>   Subject: Re: [amibroker] OT: VCPI - Article in Active Trader 
February 2005
> 
> 
>   Ara,
>   VCPI was in July 2007, S&C, and TJ provided AB code to implement 
it.  If you need it let me know. I remember playing with it at the 
time with little success. Volume never seems to follow the rules well 
enough to allow decent or consistent or objective use...at least for 
me in the medium term. And  there is yet another short term indicator 
featured in latest S&C,Nov 2007, "Short-Term Volume and price 
Oscillator". Article's presentation leaves something to be desired 
but it is another way of looking at the subject.
>   Dave
> 
>     ----- Original Message ----- 
>     From: JIM WIEHE 
>     To: amibroker@xxxxxxxxxxxxxxx 
>     Sent: Friday, November 02, 2007 4:45 AM
>     Subject: Re: [amibroker] OT: VCPI - Article in Active Trader 
February 2005
> 
> 
> 
>     I havent done alot with it other than duplicate it.  But I 
think Mr Dormeier likes to use the ADX, DI+, and DI- with shorter 
periods for the VCPI.  I think he told our investor club it works 
well with ETFs.  
> 
> 
>     ----- Original Message ----
>     From: Ara Kaloustian <ara1@xxx>
>     To: AB-Main <amibroker@xxxxxxxxxxxxxxx>
>     Sent: Thursday, November 1, 2007 12:35:21 PM
>     Subject: [amibroker] OT: VCPI - Article in Active Trader 
February 2005
> 
> 
> 
>     An interesting articles on using volume ...
> 
>     The VCPI (Volume Price confirmation Indicator) on page 38 of 
above reference seems very interesting. .. hopefully reducing 
ambiguities in interpreting volume data.
> 
>     Has anyone used this indicator??
> 
>     Appreciate any feedback
> 
>     Ara
> 
> 
> 
>     __________________________________________________
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>

Hello Ara,

I don't expect to see it the reason being that volume for any bar is 
only a summary and we don't know where that volume went at an intra-
bar level. So far I haven't had any success with vol, although I 
haven't put my heart and soul into it.

My next step in that area is to try to use tick volume/time period.
My instinct is that if any value can come from vol it would be at 
that level.

Cheers,

Brian_z



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