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What's the best metastock indicator to indicate generally declining volume over a number of days ?
Thanks
David
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Hey David-
Not sure that I'm clear about what you're asking, but if you just want to plot volume you could create a simple indicator:
[code:1:00f565092e]v;0;[/code:1:00f565092e]
Also, check out cum(v); and, the obv() function...
Another way might be like this:
[code:1:00f565092e]pds:=Input("Periods",1,100,10);
a:=Sum(v, pds);
a;0;[/code:1:00f565092e]
With that you could add a regression line, etc. to see where it might be going.
Somehow, I don't think this is what you mean though... let me know.
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dklugmann wrote:What's the best metastock indicator to indicate generally declining volume over a number of days
Have you thought about:
[list:311189b16d][*:311189b16d]comparison of the volume versus an 'ordinary' historical (moving) average?
[*:311189b16d]using multiple moving averages and testing for convergence/divergence (MACD using volume instead of price)?
[*:311189b16d]taking x-standard deviations of the volume to indicate when volume is 'abnormally' high or low?
[*:311189b16d]combining any/all of the above?[/list:u:311189b16d]
I you need any more ideas or help implementing any of these ideas, just ask.
wabbit :D
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Rank: Advanced Member
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Joined: 10/6/2005(UTC)
Posts: 30
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Hi
Thanks guys for your help and ideas. Much appreciated.
I went for using a weighted moving average against current volume in the end.
Cheers for the help.
Regards
David
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