repeated from http://www.stockmeetingp.../viewthread.php?tid=1117 There was an analysis of volume trading posted (somewhere) on the net a while ago, I had it bookmarked but have now lost it.... d'oh The site basically went through a thought process involving the OHLC data to define whether the volume for the day was from amateurs or pros, made assumptions about the timing of highs vs. open, close vs. low etc.... Can anyone remember seeing this site? Could they post a link to it? TIA wabbit :D

nope.... The website I remember was quite detailed about comparing OHLC information to make decisions about what "type" of volume had occurred that day. The guts of the site went something along lines, "if the high is near the open then we assume (something about the timing of the high vs the open, and the low vs the close) so the volume today is considered to be driven by (the bulls/bears, professionals/amateurs/day traders etc). If the close is near the high then we assume....." It was a really good bit of info, I wanted to code it up, so I marked it for when I would have the opportunity to do so. Now the opportunity is here and have lost the mark! wabbit :D

Hi Wabbit I've just attempted to forward to you via two different methods, a link to download the ebook, "Master The Markets - Taking a Professional Approach to Trading & Investing by Using Volume Spread Analysis". The security features slapped on this document make it a pain to activate once downloaded, and impossible to copy, paste, print or pass on to others. There was a time restriction on download and that may have passed by now. Activating the document is such a pain (it took me about four attempts, and the most essential ingredient is that you must have the reccommended version of Adobe Reader as your chosen PDF viewer) that you will wonder if this is all a scam to deliver a virus. That does not appear to be the case. I've only got to about page 10 of the document so far (out of 190+) but my tollerance for reading dovuments on the monitor is very low. I'll get back to it in stages. The sending organisation is TradeGuider Systems. Not sure why I got an invite to download but I seem to be the target for a lot of spam. Hope this helps. Roy

I like binary style indicators and have been playing with Chaikin's stuff since you started this thread. Check out this indicator that I've assembled. The LE & LX is optional, but allows you to further identify the signal. [code:1:cc0a5b118b]pds:=Input("Periods: ",1,100,21); x:=CMF(pds); LE:=If(Cross(x,0), 1,0); LX:=If(Cross(0,x),-1,0); Plot:=If(x>=0,1,If(x<0,-1,0)); LE;LX;Plot;0[/code:1:cc0a5b118b] For all you nuts and bolts folks, the CMF formula is: [code:1:cc0a5b118b]sum((((C-L)-(H-C))/(H-L))*V,21)/sum(V,21)[/code:1:cc0a5b118b]