Hi, Floj,
I posted a message to you a couple of days ago. Don't know what happened. It never appeared. Probably hit the wrong key.
Since my last message, I've been searching for a software program
which will do the various TA functions. Went downtown. No luck. However, searching WWW, I found a number of places that allow the
free downloading of charting software. A site called The Edge seems
promising. However, I'll have to check into upgrading so I've got
the necessary memory, etc. I don't want to put out the money for
an expensive service until I get to try it out. no use buying a porsche if you haven't got a driver's license.
In the meantime, I've been charting the price/date with the OBV below
it. What I see is OBV and price rising and falling together. Since
one subtracts down days and adds up days is not obv a function of
price and wouldn't they move in tandem. From Feb. 25 the two charts
seem to run parallel. Probably, I'm not looking at them properly.
What is it that I'm supposed to be looking at?
With OBV, I started with an arbitrary number of 1,000,000, then began
adding and subtracting each day's volume.
I'm going to start working on some other functions but a couple of
them bring back nightmare memories of high school math classes. |
