san antonio, tex
Posts: 79 since Nov 2014
Thanks Given: 17
Thanks Received: 33
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Thankyou very much Chris,
It does compile. I thought I tried using "Volume" before but it wouldn't compile. By volume, I think it means just volume for the current bar, and not the sum of the volumes over the momentum's range. That's easy to fix by taking the simple moving average and multiplying by the range.
Momentum has me confused. I think OEC's momentum is momentum (close minus close 12 bars ago) divided by 100, then 100 is added to it? This doesn't matter since I will be taking the ratio of momentum/volume for a short range, and dividing it by the ration of momentum/volume for a longer range. The theory is that momentum dived by volume shows the strength of a move. Ya, I know the other theories are the product of rnage and volume shows the strength.
This is Al Gietzen's reactivity indicator.
Thanks again!!
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