Yuki, Your insight is very much appreciated!
I have had good success looking at volume, as well. I happen to be lucky in that I have had better success with price-based indicators. I still use volume screens though. I use an OBV and MA of OBV to look for crossover signals. I used to use the FVE (Finite Volume Elements) indicator, but eventually found it too inconsistent. Trendlines with the OBV were inconsistent as well. Accumulation/Distribution and it's MA are also of interest (and trendlines), but I found OBV more consistent. Any advice for using a specific indicator that already exists? I like your timeframe idea... recommend using OBV across multiple timeframes for example? I would like to add volume to my system. I see much sense in doing that... wouldn't mind the extra, early signals -- as you suggest. Thanks in advance, Brian --- In [email protected], Yuki Taga <[EMAIL PROTECTED]> wrote: > > Hi Gerard, > > Tuesday, September 12, 2006, 7:33:13 AM, you wrote: > > GC> Yuki > > GC> As one who has always had considerable difficulty incorporating > GC> volume usefully into any of my trading strategies I would second > GC> Ken's motion. > GC> My strategy has long been to check vol level at entries. If volume is > GC> up, that's good! - that helps confirm the entry. > GC> If it's not up, or in fact down, who cares? > GC> Any light you can throw on the subject would be appreciated. > > As I say, it's probably a matter of time frames. One day's volume is > pretty meaningless, although one day's volume should, under certain > circumstances, cause a symbol to be glued to the radar screen. But no > major market advance of any consequence, none whatsoever in the > history of equities anywhere, ever, comes without an obvious and > marked increase in volume over the period that preceded it. These > advances are also the easiest times in which to make a quick killing. > > Can one make money ignoring volume? Sure. I have very short > patterns that ignore volume. But this is grinding it out, and quite > frankly, is not for the inexperienced or faint of heart. When volume > comes into the equation is when small fortunes are made -- and I > don't mean out of big fortunes, either. ^_^ > > It is because the easy money is made by observing volume, quickly > recognizing when it is screaming, and acting on that recognition, > that no one should ever be told to ignore volume. Volume is usually > *not* screaming of course. It takes patience and experience to > differentiate the real from the imagined. But it *always* screams > eventually, and this is *always* when the low hanging fruit is > begging to be picked. > > One can certainly trade without it. It's just not as easy, and one > won't trade as often. As I say, many lack the patience. > > Yuki > Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/amibroker/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
