Close Location Value?

[mathias1973]

Hi, I wonder if there exists any EFS with the Close Location Value (CLV) for Esignal (the same indicator that is currently available in Strategy Runner).

If it exists could you please tell me where to find it? If not - would it be possible for you to create an EFS in the future?

regards,

[ACM]

Dr Zoom
By what I have seen the CLV is the Accumulation/Distribution study ie the cumulative sum of
(((Close-Low)-(High-Close))/(High-Low))*Volume
Alex

[mathias1973]

Hi Alexis. The only CLV study I have used is the one in Strategy Runner (dont know the forumula for that) but it does not equal the accumulation/distribution EFS at Esignal. The CLV study in Strategy Runner seems to give better signals/indications in my mind.

regards,

[ACM]

Dr Zoom
FWIW below is an excerpt from a post in Strategy Runner's forum. The reply was provided by SR Support
Alex


Q. What are the formulas for momentum divergence, PVO, CLV?

A. "Accumulation / Distribution Line" function ( CLV ) is a financial indicator.
The formula is: ( scroll down to see all )

( Close - Low ) - ( High - Close )
------------------------------------------------- x Volume
( High - Low )

Results can be optionally acumulated and / or multiplied by a Volume series.