Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 4/18/2007(UTC)
Posts: 99
Location: sydney australia
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(C*V)/(Ref(Mov(V,25,S),-1))
I guess this has been done before, trying to come up with a volume-weighted formula. New peak supposed to confirm continuation of a trend, downturn early warning loss of momentum.
so far have only tried it out on a couple of charts, don't know if it works.
besides, like most volume averages, it does not discriminate between up-volume & down-volume.
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