“Modified Volume-Price Trend Indicator” in an issue, author David Hawkins presents his ideas about using the modified volume-price trend (Mvpt) indicator to discern what the “smart money” is doing in a stock.
A ready-to-use formula for the Mvpt is presented here. To use it, enter the formula in the Afl Editor, then press the “insert indicator” button. Click on the chart with the right–mouse button and choose “parameters” from the context menu to select manual or automatic scaling mode.
Every does an honest attempt putting in his or her best. Technicals change and hence we have stop losses. The direction can go wrong but thats why we have stop losses.
what is MVPT?
ReplyDeleteM.Sri Mahidar
Trend is friend
“Modified Volume-Price Trend Indicator” in an issue, author David Hawkins presents his ideas about using the modified volume-price trend (Mvpt) indicator to discern what the “smart money” is doing in a stock.
ReplyDeleteA ready-to-use formula for the Mvpt is presented here. To use it, enter the formula in the Afl Editor, then press the “insert indicator” button. Click on the chart with the right–mouse button and choose “parameters” from the context menu to select manual or automatic scaling mode.
MVPT CODE FOR AMIBROKER Version( 5.25 ); Level = Param("Level", 0, -100, 100 ); Scale = Param("Scale", 1, 0.1, 10, 0.1 ); AutoScale = ParamToggle("AutoScale", "No|Yes", 1 ); rV = V/50000; AvgFour = ( O + H + L + C )/4; MVPT = Cum( rV * (AvgFour - Ref( AvgFour, -1 ) )/Ref( AvgFour, -1 ) ); Plot( C, "Price", colorBlack, styleBar ); if( AutoScale ) { fvb = Status("firstvisiblebar"); rangePrice = HighestVisibleValue( H ) - LowestVisibleValue( L ); rangeMVPT = HighestVisibleValue( MVPT ) - LowestVisibleValue( MVPT ); Scale = rangePrice / rangeMVPT; MVPT *= Scale; Level = AvgFour[ fvb ] - MVPT[ fvb ]; } else { MVPT *= Scale; } MVPT = MVPT + Level; Plot( MVPT, "MVPT" + StrFormat("(Scale=%g, Level=%g)", Scale, Level), colorRed, styleThick );
how come you guys predict when the market was down nifty will touch 4350 in feb 2009
ReplyDeletewhen the market is bullish you guys say it will reach upto 5400 levels
Pls do not do POST MORTEM reports
Hi Ron,
ReplyDeleteEvery does an honest attempt putting in his or her best.
Technicals change and hence we have stop losses.
The direction can go wrong but thats why we have stop losses.