Rules for Volume Change
Author: Jolson
Creation Date: 8/5/2010 8:40 AM
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Jolson

#1

8/5/2010 8:40 AM

I am new to trading and looking to use % volume change as one of the conditions. It does not appear to be available in the drop and drag conditions. Is there a way to create this condition?

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Eugene

#2

8/5/2010 8:57 AM

First of all, hi.

When you realize that "% volume change" is a ROC of Volume, it will be a piece of cake. See this tutorial video in the Wealth-Lab Wiki:

Indicators | Designing Rule-based Strategies, Combining different Indicators
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Jolson

#3

8/5/2010 9:27 AM

Eugene,

Thanks..

While I see how to chose volume as the source... I am not sure how to set vaule. Is value for ROC in % or just a number of shares.

And in choosing period... does it use an average for that period? How does that work?

Thanks

Jolson
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Eugene

#4

8/5/2010 9:32 AM

The value is for the indicator you're adding. ROC of Volume, according to the online help page (click "More info...") in Wealth-Lab's Indicator List tool, is the percentage that a data series (e.g. Volume) has changed over the specified period.
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