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Volume based > NVDI (Negative Volume Disparity Indicator)

Article/Author: “Enhancing On-Balance Volume and Negative Volume” Philip C. Holt, Stocks&Commodities Magazine, Traders Tips, 06/1996

Download: NVDI-Ind.ela

File Includes:

Indicator - NVDI
Function - NVDI

Category: Volume based > NVDI

Description:

This is a new technique for identifying and quantifying negative volume disparity. The indicators appear to be effective in indicating market turning points, judging from the results of the simple systems devised.

This indicator is suitable for sophisticated, value-oriented investors.

Usage:

Buy when the four-week simple moving average of NVDI rises through the 0.95 level.
Sell when the four-week simple moving average of NVDI falls through the 1.1 level.




No Inputs

EasyLanguage Code:
PLOT1(NVDI(33),"PLOT1");

PLOT2(AVERAGE(NVDI(33),4),"PLOT2");
IF CHECKALERT THEN BEGIN
IF PLOT1 CROSSES ABOVE PLOT2 OR PLOT1 CROSSES BELOW PLOT2
THEN ALERT;
END;