Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

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

OBV Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
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
Back to top
testOP2
Posted : Thursday, February 3, 2005 3:42:45 PM

Administration

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
Back to top
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
Back to top
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.