Announcement

Collapse
No announcement yet.

Evidence-Based Support & Resistance by Melvin E. Dickover Intraday

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Evidence-Based Support & Resistance by Melvin E. Dickover Intraday

    Has anyone developed the relative vol and FoM for intraday charts?
    Current EFS are only good on D and W time frames.
    Regarding intraday efs Mr. Dickover wrote in to the S&C, "
    For the relative volume and FoM indicators to be
    meaningful when trading intraday, you must replace volume
    with adjusted volume in the calculations.
    Adjusted volume averages the volume of bars occurring at
    the same time of day over a number of days. This adjusts for
    volume variations at each particular time bar. For example,
    for five-minute emini futures bars, the 14-day adjusted
    volume for the 9:35 am five-minute bar would be computed
    by adding up the volume for the last 14 9:35 am five-minute
    bars and dividing by 14 to get the average volume of a 9:35
    am bar. You would then divide the current 9:35 am bar’s volume
    by that average. Note that a 14-day average calculation
    requires at least a 14-day backfill of real-time data. To use
    the code in the sidebars for intraday charts, replace volume
    with adjusted volume."

    Has anyone done this? Can anyone help me do this?
    Thx!
Working...
X