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Lionel,
You are quite welcome! Be sure to read the pdf as it has a very good
explaination including how well the indicator stands up against the
OBV and MACD.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@xxx>
wrote:
>
> Thanks Preston.
>
>
>
> I had run the version that appeared in 7/2007 of TASC and found
that the
> results were quite similar to an MACD.
>
>
>
> I'll give your code a trial.
>
>
>
> Warm regards
>
>
>
> Lionel
>
>
>
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of pumrysh
> Sent: Thursday, June 28, 2007 11:52 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Volume Price Confirmation Index
>
>
>
> In 2005 I posted this original code from Active Trader's Mag
>
> HYPERLINK
> "http://finance.groups.yahoo.com/group/equismetastock/message/15932
"http://f
> inance.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
>
> HYPERLINK
> "http://forum.equis.com/forums/thread/24511.aspx"http://forum.equis
.com/foru
> ms/thread/24511.aspx
>
> and a pdf from the Charles Dow Award site which Bill Trudeau
found.
> It's the 2007 award.
>
> HYPERLINK
> "https://www.mta.org/eweb/DynamicPage.aspx?
webcode=CharlesDowAward"https://w
> ww.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 HYPERLINK
> "mailto:equismetastock%
40yahoogroups.com"equismetastock@xxxxxxxxxxxxxxx,
> pumrysh <no_reply@> 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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> Version: 7.5.476 / Virus Database: 269.9.10/876 - Release Date:
6/28/2007
> 10:56 AM
>
>
> No virus found in this outgoing message.
> Checked by AVG Free Edition.
> Version: 7.5.476 / Virus Database: 269.9.10/876 - Release Date:
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> 10:56 AM
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>
>
> [Non-text portions of this message have been removed]
>
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