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Non-Tech : Quote.com QCharts

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To: paulr1 who wrote (7682)5/21/2000 6:09:00 AM
From: faro  Read Replies (1) of 17977
 
QTRIN:

You're saying that QTRIN is obtain by "Average volume of trades at the asking price divided by the average volume of trades at the bid price".

I did some bit of research on the subject and I just received an email from a QChart user telling me that you have an error in your formula.

Actually in QChart, a QTRIN > 1 means declining pressure while a QTRIN < 1 is advancing pressure.

For your programmer has made an error in the formula.

Dividing (Vol@bid / Vol@Ask) instead of the contrary.

Just try it on some stocks and find it for yourself.

QChart should correct the formula as soon as possible and notify every users of the error.

Faro
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