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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: gooch_the_farmer who wrote (24669)12/13/2000 11:09:39 AM
From: edamo  Read Replies (1) | Respond to of 65232
 
gtf....easy way is to use ibd accumulation/distribution rating which is a proprietary formula based on a moving thirteen week period....

you can try to calculate yourself:

(close-low)-(high-close)
_________________________ * volume
(high-low)

the answer will give a portion of each day's volume to be added or subtracted from a running cumulative total. the nearer the closing price is to the low of the day, the more volume subtracted from the cumulative total, converse applies to the closer to the high, more added. if the close is mid point between high and low, then nothing is added

it is a momentum indicator based on the premise that the more volume that accompanies a price move, the more significant the price move.

i use ibd....have better things to do then run calculations!

good luck

ed