Volume is really the engine of a market.
As stated in any site of trading, it is used:
– as anticipatory of price changes
– as confirmation for a change in trends in progress
Volume, unfortunately, is not avaible for all market: it is a good device for stocks and indexes.
Studying many indicators based upon prices and/or volume could be misleading and a trading desk could suffer of an “expensive” delay.
Here is a proposal for proscreener for a manual graphical analisys.
It extracts the titles whose the volume in the last bar is the maximum of the last twenties. It orders the stocks (or the financial instruments) by increase in percentage
v1 = Volume
c1 = (v1= highest[20](v1))
criteria = Volume/Volume[1]-1
SCREENER[c1] (criteria AS “Volume perc”)
Here are some examples:
going long on Unilever:
long in Premuda at last
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