Koil Energy Solutions Inc. (KLNG)

[jk21]

elsie, that's why i don't like CMF that much. same as acc/dist line. they are both going up simply because of all the white candlesticks. it sort of still denotes accumulation but not nearly as conclusively as the acc/dist line name seems to indicate. i'd say there's been more selling at the bid or near it than buying at the ask or near it, yet the acc/dist line hasn't slowed down. it's a function of folks painting the close imo.
acc/dist is better than obv though imo but not that reliable for illiquid securities like dpdw.

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:accumulation_distrib

1. If the stock closes on the high, the top of the range, then the value would be plus one.
2. If the stock closes above the midpoint of the high-low range, but below the high, then the value would be between zero and one.
3. If the stock closes exactly halfway between the high and the low, then the value would be zero.
4. If the stock closes below the midpoint of the high-low range, but above the low, then the value would be negative.
5. If the stock closes on the low, the absolute bottom of the range, then the value would be minus one.

The CLV is then multiplied by the corresponding period's volume, and the cumulative total forms the Accumulation/Distribution Line.


Really not that special imo, especially when we know that the opens and closes have been painted numerous times.

CMF is determined using acc/dist, so not that good either imo.


GLTA, "Ya Gotta Believe"......in Yourself......and Jose Reyes and David Wright of course......
My notebook: #board-9317