moving average for volume

muheeb · #1 6th August 2007, 02:14 PM

hello everybody,

This is my first time posting a message and I am new to Metastock tech analysis

can someone please help me

I need to plot a line for 50 day volume average!

my point of doing this is to see the volume change when a stock break out. So what I want to do is not consider today's volume of a security so it is

volume - 1 (for the period or subtracting todays volume)

then count to 50 days and average that

can some one hlep me write the formula for it

mov (V, 50 - 1, S) but this basically saying mov (V, 49,S) and it goes to the data array and include today's volume

in couple of words....compare today's volume with the average of the past 50 days

Thank you

sikandar · #2 6th August 2007, 02:30 PM

try this trial & error method
mov((ref(v,-1)),50,s)

muheeb · #3 6th August 2007, 03:34 PM

Thank you for the quick response....I will give it a try when I get home and post the results here....

Thank you again

Quote:

Originally Posted by sikandar

try this trial & error method
mov((ref(v,-1)),50,s)

muheeb · #4 7th August 2007, 12:44 AM

That worked perfectly.

how about if I wanted to do precentage change

I tried

(V - mov((ref(v,-1)),50,s) / mov((ref(v,-1)),50,s) ) * 100

but that did not work

can you help please?

Thank you

Quote:

Originally Posted by sikandar

try this trial & error method
mov((ref(v,-1)),50,s)

uasish · #5 7th August 2007, 02:06 AM

muheeb,
On the Numerator in your above expression you have placed say X & in the Denominator again X ,what will happen ,the result will always be 1 (one) & then you are deducting today's volume by 1 it will always be todays volume minus 1.
Plz put a Bracket before vloume in denominator & close that bracket in numerator ,then Metastock will understand that both V & mov((ref(v,-1)),50,s) are in numerator,not volume minus X/X.
((V - Mov((Ref(V,-1)),50,S)) / Mov((Ref(V,-1)),50,S))*100
Asish

muheeb · #6 7th August 2007, 08:52 PM

Got it...thank you

you just made my investing much better

Quote:

Originally Posted by uasish

muheeb,
On the Numerator in your above expression you have placed say X & in the Denominator again X ,what will happen ,the result will always be 1 (one) & then you are deducting today's volume by 1 it will always be todays volume minus 1.
Plz put a Bracket before vloume in denominator & close that bracket in numerator ,then Metastock will understand that both V & mov((ref(v,-1)),50,s) are in numerator,not volume minus X/X.
((V - Mov((Ref(V,-1)),50,S)) / Mov((Ref(V,-1)),50,S))*100
Asish

trader111 · #7 10th August 2007, 03:43 PM

Hi Muheeb,
If you want to trade breakouts, you will find that a ROC on volume gives better visual (good spike) than just a MA.
By ROC i mean: v/ref(v,-10)
(period of 10)

I cannot posts charts right now but you can compare the above roc with other vol based indiacators for breakouts.

muheeb · #8 11th August 2007, 12:33 PM

thanks for the tip..I will try it..

I strictly follow chart patterns like cup & handle and I measure the break-out volume with 50 movin average and I see if the break out is real or not

how about u?

is V/ref(v, -10) plotable? how far of success with this method have you achived

Quote:

Originally Posted by trader111

Hi Muheeb,
If you want to trade breakouts, you will find that a ROC on volume gives better visual (good spike) than just a MA.
By ROC i mean: v/ref(v,-10)
(period of 10)

I cannot posts charts right now but you can compare the above roc with other vol based indiacators for breakouts.

trader111 · #9 14th August 2007, 11:35 AM

sorry for the belated reply.

I trade breakouts with a discretionary model. Yes patterns are definitely very important. I am a daytrader and get out quickly once the buying (or selling) pressure fades, to save from getting stuck in whipsaws.

Quote:

Originally Posted by muheeb

is V/ref(v, -10) plotable? how far of success with this method have you achived

Quote:

I cannot posts charts right now but you can compare the above roc with other vol based indiacators for breakouts.

I had the idea originally from Pring MArtin's book.

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