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Greetings
Long time lurker and have only asked a few
questions in the past four years. How so ever I have been a little unhappy
with the volume indicators that are available and so I tried something new, that
is was new to me.
One of favorite indicators is the Stochastic
Momentum Index set at 5,3,3 so I made one for volume. I like
the way it appears to be working so far. I haven't used it long
enough to know it inside out but there is some promise here.
It can divert and can turn before tops and
bottoms. Using it with Stochastic Momentum Index makes for an interesting
study. Here is the formula, some of you wizards at there maybe able
to help improve it.
<FONT face=Arial
size=2>100*(Mov(Mov(V-(0.5*(HHV(V,5)+LLV(V,5))),3,S),3,S)/(0.5*Mov(Mov(HHV(V,5)-LLV(V,5),3,S),3,S)))
And then I use a three day moving average from
there.
Maybe some one has a favorite
custom volume indicater that they would like to share.
Prosper and Good Health
Larry
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