Liquidmetal Technologies Inc (LQMT)

[laurek]

PRO-GO indicator on a buy signal

http://charts.insidestocks.com/chart.asp?sym=lqmt&data=A&date=060909&den=LOW&divd=n&evnt=ADV&grid=Y&jav=ADV&size=D&sky=N&sly=N&vol=Y&late=Y&ch1=059&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk


Wiliam PRO-GO study :

This indicator has two lines: the Public Buying (green line) at the beginning of the day and the Professional Buying (red line) at the end of the day.

This technique is to create two Advance/Decline lines.

The Public Advance/Decline line is constructed by using the change from yesterday's closes to today's open.
The professional Advance/decline line is constructed by using the change from today's open to today's close.

The lines are calculated by taking a moving average, normally 14-days, of the results.

This study is only for daily charts and can be used to highlight divergences between the Professional Advance/Decline (red line) and the price. The common interpretation of this study is if the Professional line (red) goes below the Public line (green) it is a sell signal and if the Professional line (red) goes above the Public line (green) it is a buy signal.
http://quotes.barchart.com/education/studies.php?what=progo#study