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You might want try this simple formula too.
Z+M/Q/Y@x
Prosper
----- Original Message -----
From: "Dom Perrino" <domenick@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 28, 2001 8:38 PM
Subject: Re: [RT] MKT - INDU
> Bob,
> As you know I consider volume one of the best indicators .Besides OBV
and
> cumulative volume which I know you use, if you have not tried this one on
> volume try it . It will neutralize the volume for high volume days and low
> volume days so one can compare any day with another.It becomes empirical
> .The simple formula : U-D/U+D= %.. You then have cumulative volume on a %
> basis . A time frame can now be compared with another time frame even
though
> one may have occurred during a slow week and the other during a busy
> period..
> Dom
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