Registered User
Joined: 11/14/2004
Posts: 29
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Dear Sir:
I have seen a number of videos in which it is explained how one can use Time Segmented Volume, Balance of Power and Moneystream to assist in analyzing charts. However, without knowing a little about how these indicators are constructed I have little confidence in using them. I would be grateful if you could give me some indication of what these indicators measure and of how they are constructed.
To give you some idea of the type of detail I am requesting I pose a number of questions:
What are the mathematical formulas for constructing these indicators?
What does the term moneystream imply? What does the term Balance of power imply? If it involves a force what is the meaning of that? What is meant by volume that is segmented by time? Are these indicators similar in nature to other commonly known indicators such as On Balance Volume?
Yours sincerely,
Gilbert Dares
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The formulas for these indicators are never revealed. Check out this essay by Don Worden to get in idea what is behind them:
BOP
- Craig
Here to Help!
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