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Registered User
Joined: 2/19/2005
Posts: 38
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Hi,
I'd like to know under which indicator category or categories you would place BOP, TSV and Money Stream into:
1) Momentum (ex: Stochastics)
2) Trend (ex: MACD)
3) Volume (ex: OBV)
From my research:
BOP - fits into a category of devices that can be termed "trend quality" indicators. - Craig S.
TSV - One of the new features of this indicator is the ability to calculate a moving average of another moving average. This addition has made TSV more effective and easier to use. Now you can calculate a moving average of an already smoothed TSV and use it much in the same way the MACD indicator is used. Positive and negative TSV crossovers are one more thing to consider when trying to form an opinion on a particular stock or market index. - Craig S.
Money Stream - The main difference between OBV and CMS is that CMS has a greater ability to contradict price movement than OBV does. This is achieved by using all of the elements within the daily price bar rather than just the close. The high, low, close and daily range are related to volume in a unique and proprietary way. You may wish to compare CMS and OBV in a variety of stocks and time frames. Generally you will find that CMS has the greater predictive power. But not always. Sometimes OBV does the better job. The more things you look at, and the more time frames you habitually check out, the better you are going to do. - Craig S.
So I would say that:
BOP is a trend indicator
TSV is a Volume indicator
CMS is a Volume indicator
Is that assessment accurate?
Regards,
Mark
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The trainers cannot give settings, interpretation or investment advice. I'll move this to Stock and Market Talk forum where other traders are more likely to see it and comment. You may wish to review the following:
Basic Info on BOP, TSV and MoneyStream
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 2/19/2005
Posts: 38
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QUOTE (Bruce_L) The trainers cannot give settings, interpretation or investment advice. I'll move this to Stock and Market Talk forum where other traders are more likely to see it and comment. You may wish to review the following: Basic Info on BOP, TSV and MoneyStream
Hmmm. I was not asking for settings (periods, MA's), interpretation (Bullish or bearish) or investment advice (Buy or sell).
I was simply asking you under what indicator category would you classify BOP, TSV and CMS - Trend, Momentum, or Volume.
I hope someone can help me understand these three a little better and answer the question I posed.
Thanks.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Since MS looks like price. (can move up,down, not range bound)
I would consider it able to be both.
If you apply a moving average to MS you have an indication
of trend. (above mav=positive trend, below mav = negative trend)
If we measure MS against an old value of MS you have a measure
of momentum (MS>old MS= positive momentum, MS<old MS=
negative momentum)
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I would consider TSV on the longer term a trend indicator.
(>0 = positive trend, <0 equal negative trend)
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BOP in the shorter term is probably momentum.
Longer term trend.
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If I had to guess I would think MS and BOP are better
measures of momentum. (less smoothing)
TSV longer term and MS with a moving average are better
measures of trend. (BOP seem to have has less smoothing)
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Just speculation on my part since we don't know
exactly how thee are calculated.
Thanks
diceman
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Registered User
Joined: 1/28/2005
Posts: 6,049
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One last point. As my post above indicates most indicators
can be set-up for both trend and momentum. Depending on
how you use them and their parameter values.
100 day moving average=Trend
3 day mav minus 10 day mav = momentum.
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5 period daily RSI = momentum
21 week RSI > 50 = trend
and so on
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The general rule of thumb is the longer an indicators period
the more it tends to indicate trend.
(including momentum !!!)
Thanks
diceman
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