[EquisMetaStock Group] Re: Volume Price Confirmation Index

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

In 2005 I posted this original code from Active Trader's Mag

http://finance.groups.yahoo.com/group/equismetastock/message/15932

At the time I didn't feel the code had any merit and even advised 
using only part of it(VPR). The reason was that the code from the 
magazine used the short lookback periods rather than the longer 
periods to calculate the VPC. The correct code should be:

{VPCI}
{Vol Price Confirmation Index}
{Active Trader March 2005}
Pds:=input("periods",1,500,12);
Pdsa:=input("longterm vol periods",1,500,50);
VPC:=mov(c,pdsa,vol)-mov(c,pdsa,s);
VPR:= (mov(c,pds,vol)/mov(c,pds,s))*VPC;
VM:= mov(v,pds,s)/mov(v,pdsa,s);
VPCI:=(VPC*VPR)*VM;
VPCI
 
I realized this after reading Wabbit's code at

http://forum.equis.com/forums/thread/24511.aspx

and a pdf from the Charles Dow Award site which Bill Trudeau found. 
It's the 2007 award.

https://www.mta.org/eweb/DynamicPage.aspx?webcode=CharlesDowAward

The pdf was a great find and helps to explain the idea that Buff 
Dormeier had behind the indicator. 
 
Enjoy,

Preston



--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> 
> Thought some of you might enjoy this. Its a volume based indicator 
> discussed in the March '05 edition of Active Trader. By using just 
> the VPR I think you will find a most useful indicator...change the 
> last line to VPR.
> 
> Enjoy,
> 
> Preston 
> 
> 
> {VPCI}
> {Vol Price Confirmation Index}
> {Active Trader March 2005}
> Pds:=input("periods",1,500,12);
> Pdsa:=input("longterm vol periods",1,500,50);
> VPC:=mov(c,pds,vol)-mov(c,pds,s);
> VPR:= (mov(c,pds,vol)/mov(c,pds,s))*VPC;
> VM:= mov(v,pds,s)/mov(v,pdsa,s);
> VPCI:=(VPC*VPR)*VM;
> VPCI
>




 
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