OOPS! Yeah, you're right. I was thinking of net percentage positive/negative volume. For that one would want to do it differently, no?
Net Percentage Up Volume (NPUV) would be figured:
NPUV = UV / (UV + NV + DV)
and
Net Percentage Down Volume (NPDV) would be:
NPDV = DV / (UV + NV + DV)
Where UV = Up Volume NV = Non-Changed Volume DV - Down Volume
Does that seem right?
The only reason I ask is because I have been reading about some woman who has supposedly used Net Up/Down volume to pick tops and bottoms very successfully. (Can't remember the name or where I read it though.)
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