Candlestick Charting--The unknown indicator Message Board

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Strategies & Market Trends : Candlestick Charting--The unknown indicator

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To: Esteban who wrote (823)	11/26/1997 10:23:00 PM
From: MonsieurGonzo	Read Replies (3) of 1589

Esteban; RE:" Factoring in Volume..." yeah I think we're both interested in that METASTOCK thingy where the candlesticks' thickness is adjusted by volume, Esteban. Might mess up trend lines if it really distorts the time scale, though. I sent those folks an order for the package today, so it should get over here in France in 3 weeks or so. What's the least-cost way to update price data into this package? Wish it would just go out to the WWWeb and grab free quotes offa some service or something. I don't know how to factor in the expected low volume on Friday. I still feel the price swings just as intensely, low volume not withstanding. Could make it rough on a trend following system. Any thoughts ? When the price is going up, and the volume is going down, the price usually falls back, like a wave - or stops going up and starts to consolidate. More interesting is reading the big block volume... to look for patterns of accumulation or distribution. Judy is into that. BTW, I think I saw a message to Rainier from somebody who referred to his fondness for "ascending triangles". I think they collapse real good, is the reason why... ...GE has a weight of 6.87 on the S&P-100, the largest multiplier of any stock in the OEX index. Take a look at GE,D and GE,195 - and then take a vacation! -Steve

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