Wednesday, April 13, 2011 5:54:55 AM
SIFY CMF indicator eval
The sell pressure isn't as strong as it looks. You need to keep in mind strong is above or below .25 on the graph.
The way CLV (close level volume) is calculated the day finishes on large volume days, will count more then several good finishes on small volume days. Guess if you go over where candles finished vs volume size the graph plots out saying, "while traders continued the climb, they were less then positive about the move."
Probably expected and end any day. Just like I did when I put it on strong watch days ago. I didn't expect it to continue past the upper channel line and it has.
So if you think of it like that the negative pressure makes sense.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61761733&txt2find=SIFY
The sell pressure isn't as strong as it looks. You need to keep in mind strong is above or below .25 on the graph.
The way CLV (close level volume) is calculated the day finishes on large volume days, will count more then several good finishes on small volume days. Guess if you go over where candles finished vs volume size the graph plots out saying, "while traders continued the climb, they were less then positive about the move."
Probably expected and end any day. Just like I did when I put it on strong watch days ago. I didn't expect it to continue past the upper channel line and it has.
So if you think of it like that the negative pressure makes sense.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61761733&txt2find=SIFY
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