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Strategies & Market Trends : TA- Scans and System Tests

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To: William H Huebl who wrote (455)3/26/1997 10:30:00 AM
From: Liam Kingsmill   of 989
 
DeMark's idea that accumulation/distribution is an avenue to predicting future price movement and demonstrated by that formula relating opening prices to closing (in case someone lurking is wondering what we're talking about, here's your formula...)

The Explorer scan I used for DeMark is as follows...
col a = Close
col b = Vol
col c = Sum( ( ( C + O ) / 2 ) * V * (C - O)/(H - L) , 3 )
filter is col c < 0

Got it and thanks, Bill!
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