News Focus
News Focus
icon url

augieboo

12/13/02 7:40 PM

#3626 RE: Namiar #3621

Warp, StockCharts has the PVO, (Percentage Volume Oscillator), which is just like the PPO, only for volume. The PPO is just like the MACD, except it uses the percentage difference between the short and long moving averages, rather than the absolute difference.

PVO
http://stockcharts.com/education/What/IndicatorAnalysis/indic_PVO.html

PPO
http://stockcharts.com/education/What/IndicatorAnalysis/indic_priceOscillator.html

MACD
http://stockcharts.com/education/What/IndicatorAnalysis/indic_MACD1.html


MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220
icon url

augieboo

12/13/02 8:14 PM

#3628 RE: Namiar #3621

"Any model or indicator that works and becomes
publicly exposed, will soon stop working".
-----------------------------------------------------------

Warp, I have to disagree, for several reasons:

1. Da Boyz have essentially unlimited $$ to spend on
computers, programmers, scientists, etc. The chance of us
ever coming up with something that they have't already though
of has to be just about nil.

2. The average mid-sized hedge fund probably trades more
volume than all of us day-trading fools combined -- let alone
the really BIG BOYZ. If every day-trader in the world
started using the same system it probably wouldn't even be
noticed in terms of volume. Sure, the specialists would
probably fade us, but they do that anyway, which is why many
traders avoid trading NYSE stocks in the first place.

3. If TA ideas that got passed around became invalidated, I
wouldn't be able to post the following four charts, on which
the recent rally was quite accurately predicted by the plain-
vanilla MACD, using STANDARD settings!









--------------------------------------------------------------

With that said, I can understand why those who develop nifty
tricks of the trade would not necessarily wish to give away
their hard work. After all, we are not communists! {g}









MDA Thread #board-1320
Turnips Thread #board-1125
Trading Info #board-1220