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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » OBV

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bittwiddler
Posted : Thursday, February 3, 2005 2:19:59 PM
Registered User
Joined: 12/29/2004
Posts: 7
 Hi gang,

Is it possible to create a PCF that will allow me to determine when a given stock's On balance Volume value crosses above an N day moving average of that value?

Thanks!!

BT
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testOP2
Posted : Thursday, February 3, 2005 3:42:45 PM

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Joined: 10/7/2004
Posts: 378
 No problem. Some Examples:

This will be true if OBV has crossed up through its 10 day avg today.
OBV1 > OBV10 AND OBV1.1 < OBV10.1

This will be true if OBV has crossed down through its 50 day avg today.
OBV1 < OBV50 AND OBV1.1 > OBV50.1

This will be true if OBV has crossed down through its 5 day avg 2 days ago.
OBV1.2 < OBV5.2 AND OBV1.3 > OBV5.3

Ole
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testOP2
Posted : Thursday, February 3, 2005 3:45:38 PM

Administration

Joined: 10/7/2004
Posts: 378
 Ooops, just realized you want to know when for a specific stock. To do that just create a percent true indicator with the following formula.

OBV > OBV10 AND OBV1.1 < OBV10.1 where 10 is the avg period. When the indicator value is one a crossover has occured

Ole
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