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Strategies & Market Trends : Technical Analysis - Beginners
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To: Chris G. who wrote (7305)12/21/1997 12:57:00 PM
From: Tim Fierro  Read Replies (1) of 12039
 
But this still doesn't account for getting buy signals when the OBV<40, and it's occurring about 30% of the time. Richard mentioned it might be data errors, so I'm thinking of reloading the data one last time. Have you had similar problems Craig?

Chris, here is a way to test...

I make a new formula: TEST FORMULA
IF(OBV(0) >= OBV(40), 1, 0)
TREND(0,0)

Basicaly I test ONE formula for a TRUE response. If it is true, it will show a spike to 1. If it is false, it will stay at Zero. The above is for WOW, but you should be able to understand it and convert what is necessary to check in Metastock; I think that is what you said you were using.

If you get a spike, then today's OBV is greater than it's 40 day OBV value. See if it spikes when it shouldn't and adjust the formula to what it should be.

BTW, I only guessed at the above formula for you to try. In QPLUS you need negative numbers to go back in time. You might also want to see if it just higher that 40 days ago or are you really after IS TODAY GREATER THAN THE 40 DAY AVERAGE?

So is OBV < 40 mean is OBV less than 40 shares or does metastock mean OBV is less than 40,000? Recheck using the IF statement to see if what you are trying to build is really being built.

Tim
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