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Strategies & Market Trends : TA Science Projects & Experimental Indicators

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To: Tim Fierro who wrote (77)	2/12/1998 7:11:00 PM
From: ftth	Read Replies (2) of 237

Hi Tim, re: << wondered if it might not be a prudent idea to disregard a certain amount of volume in a calculation if the volume was such that it did not move price a certain percentage? >> I've been thinking about that too. I was thinking of comparing the prior day's 5-day VLC line (for example) to todays prices, and only considering the portion of today's range that lies outside the VLC(5) line as having any net volume significance. Seems reasonable to assume that prices which lie within the 5-day VLC line would be "matched" on the buy and sell sides for zero net (i.e. not enough buying or selling pressure to show any real price thrust in either direction). I remember reading an article that studied accumulation/distribution and concluded that on average, no net accumulation or distribution occurred 65% of the time (that % may be wrong--it's from memory; I'll try and find the article). Reminds me, another article I read talked about price breakouts correlating to complete turnover of the float (based on cumulative accumulation/distribution numbers). Have to try and find that too. dh

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