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MetaStock
Formula - Advance
Decline Line with Negative Volume
rev. 01/06/97
There is a way to
get the negative volume on an advance-decline line
chart in MetaStock™ for Windows™.
The requirement
is: Each security must have both the number of
issues and the volume in the file. Advancing
issues with advancing volume in one security and
declining issues with declining volume in one
security file. These files may be obtained from
Reuters Trend Data by way of The DownLoader for
Windows. You will also need to create a composite
security of the Advance-Decline line, which is the
advances - declines.
The following
steps will get you an advance-decline line with
negative volume where applicable. Follow these
steps once and save as a CHART. When you want to
use it simply load the chart and the program will
calculate the new volume plot using the new data.
- Create a NEW
chart of the advancing issues.
- Create a NEW
chart of the declining issues.
- Create a NEW
chart of the advance-decline composite.
- Create a NEW
INNER WINDOW on the declining issues chart.
- Delete the
volume plot on the advance-decline composite
chart.
- Copy the volume
from the advancing issues chart and paste it
into the new inner window on the declining
issues chart.
- Drop the custom
formula, P-V on the advancing volume plot in
the declining issues chart, creating a new
scale.
- Copy that plot
to the empty inner window (where the volume
was) of the advance-decline composite.
- Save that chart
as the adv-decl chart (perhaps advdecl.mwc).
This will be the
chart you load to do your study of the
advance-decline line with negative volume. |
