The July 2007 TASC has an article called "Between Price and Volume", by Buff Dormeier CMT,
on page 21. The MS code for the VPCI(Volume Price Confirmation Indicator) was on page 75.

I plotted it on some of the charts used in the article. The resulting plot(s) didn't look the same
as the chart on pg 74(AA, daily). (I had to use a magnifying glass to see that!!) The chart in
fig. 4, on pg 26, for TM (weekly) also looked different than was I was seeing with the MS code
from pg 75.
___________________________________________________________________________
{Volume Price Confirmation Indicator - Buff Dormeier - July 2007 TASC..pg 75}

x:= Input("long term periods", 30,200,50);
y:= Input("short term periods", 5,30,10);

(Mov(C,x,VOL) - Mov(C,x,S))* (Mov(C,y,VOL)/Mov(C,y,S))* (Mov(V,y,S)/Mov(V,x,S))
___________________________________________________________________________

So, I decided to see if I could get something closer, as least to my eye.

Here is what I came up with, which I think is very close to the chart on pg 74 and fig 4, on pg 26.
______________________________________________________________________________
{Volume Price Confirmation Indicator - Buff Dormeier - July 2007 TASC, adapted by gruvtune
from TASC TS code, pg 74 }

p1:= Input("Short Term Periods", 3,30,5);
p2:= Input("Long Term Periods", 10,200,20);
SmthLgth:= Input("SmthLgth",5,200,20);

VolSum1:= Sum(V, p1);
VWMA1:= Sum(C * V, p1)/VolSum1;
VolSum2:= Sum(V, p2);
VWMA2:= Sum(C * V, p2)/VolSum2;

VP:= VWMA2 - Mov(C,p2,S);

VPR:= VWMA1/Mov(L,p1,S);

VM:= Mov(V,p1,S)/ Mov(V,p2,S);

VPCI:= VP * VPR * VM;

AvgVPCI:= Mov(VPCI,SmthLgth,S);

VPCI;
AvgVPCI;
_____________________________________________________________________________

I make no claims for the usefulness of this indicator, just noticed something was different.
Also plotted on intraday ES and ER2 bars. MS didn't complain.

gruvtune

tried it out on chart, it must have some use: if I understand it correctly, it shows when Volume leads the shareprice upwards & then levels off & down to normal. of course you need to color the two lines differently, yes I quite like this indicator.

Buff has a previous article published in TAS&C titled "Buff Up Your Moving Averages"

There also is an interview with John Bollinger in a previous edition of TAS&C in which he sings the praises of Buff's VWMACD, volume weighted MACD.

Buff previously had two articles published in Active Trader Magazine, which are available for purchase on their website.

The original paper, for which Buff received the Charles Dow Award, can be read and downloaded from the following website.

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

Bill, All,

In 2005 I posted the original code from 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 is 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 and the pdf from the Charles Dow Award site. Bill, the pdf was a great find and helps to explain the idea that Buff had behind the indicator. Thanks for posting it.

Preston

Speaking of garbage, thank you Jose for your kind words! You're just jealous because you are not allowed the privilege of being a member of the group. Ahhhh, poor baby!

Preston

For forum members who may not be familiar with the mailing list in question, please take a look at this recent gem of a post allowed by the "moderator" there:

[EquisMetaStock Group] Metastock Crack v10 EOD

jose '-)
--------------------------------------------------------------------------------
MetaStockTools.com

It's Equis problem to handle ,Not your's.
Can also be used to control the piracy if they posts the link,may be
Helping equis to control the piracy,What is wrong in it?
BTW, http://tradersconsortium.../index.php?showtopic=689
and to your site http://www.metastocktools.com/MetaStock/Elliot.txt, your own words
"Error in between the keyboard and chair."? {You dont like elliott, your posts in this forum}?

And seems you wont "practice what you says" in your own words
"please - let's try and keep TC free from personal issues, specially those originating outside.
Please help keep TC a cut above the rest - a civil
meeting place for professional and casual traders alike."
{http://tradersconsortium.com/community/index.php?showtopic=638&pid=1306&st=0&#entry1306}
Why not to this forum and the others.

I am watching those forums for the last 6 months, wasted my time.
Those forums always destroys the truth {i dont know the right word}, and enjoys.