Wednesday, May 18, 2011

Desi MO (McClellan's oscillator for NSE) for 18 May 2011


4 comments:

Shai said...

@ RM,

Thanks for the VIx tab.

Mild bullish divergence developing in McClellan , but still firmly in negative territory at -62.

Would you be able to plot only declining volumes to measure the proper action of Vix?

r m said...

@Shai

Sure, I'll give it a try, but I don't know how to plot declining volumes only - is it plotting yesterdays volume minus today's volumes and ignoring if the result is negative?

Vtrender said...

RM, Just an after thought when I saw VIX on the MCClellan.

I feel the vagaries of Vix can sometimes be controlled if we see volumes on the declining issues.

It's either volumes of declining issues or simply the declining issues somoothed by an sma of 5.

r m said...

@Shai
Aha, Volumes on declining issues! My brain works like an old fashioned tubelight. :D
SMA of declining issues will be simple since decissues is a readymade function in amibroker. Would do some digging to find out if i can manage to get the volumes on declining issues.