Actual volume for HRT has surpassed the 25% pro-rata DU Volume level and actual volume for GDP has surpassed the 50% pro-rata DU Volume level. However, price on both stocks remains lower than yesterday. As a result, I take no action regarding these two signals. - Spydertrader
Our system generated no additional signals today as actual volume failed to exceed calculated Dry Up Volume for our Watch List Stocks. At 11:30 AM, all our Watch List stocks show a price lower than the previous day except for SWIR. Volume for SWIR currently sits at half its Dry Up calculation and well below yesterday's volume of 1.37 million shares. Of our three Dry Up Stocks with a G33M4K master list score of zero (ESMC, GDP & SWIR) only SWIR shows some price improvement. However, trading volume in SWIR remains extremely light. - Spydertrader
Spydertrader, thanks for the detailed reply and additional clarification. I think I understand now what you're saying regarding the DU volume calculations. Although I'm not a WL coding expert by any means either I have attached a modified version of the original chart script with the additional calculations based on what you described in your reply. If you would, let me know if these look correct or if I'm way off base. For grins I've also added dkm's 30% of 65day avg volume as well as some other minor gee-whiz features. I will add the DU cycle and the TC2000 calculations soon so people will have those if they want them. Thanks for your help.
Although I suspect others following this Journal have far more Wealth Lab experience than myself, I will gladly assist you and review your efforts. - Spydertrader
Sevens - Ones - Zeros RCKY - JUPM - KFRC ECPG - EAGL - AMX ASPM - MTEX - NTAP URBN - UTHR - PTRY NGPS - MRVL - TNP TNP - UNA - DPTR PTRY - CREE - HUM KFRC - VCLK - SFCC DPTR - EEFT - DRIV HUM - CTXS - FFIV Hotlist NGPS FFIV JUPM Watch List IDSA - Du Cycle - DU5 ESMC - Du Cycle - DU5 - DU10 BCSI - Du Cycle - DU5 - DU10 - DU20 TASR - Du Cycle LWAY - Du Cycle - DU5 - DU10 - DU20 HRT - Du Cycle - DU5 SWIR - Du Cycle - DU5 EVCI - Du Cycle - DU5 JUPM - Du Cycle ENWV - Du Cycle - DU5 HANS - Du Cycle BAMM - Du Cycle VSEC - Du Cycle - DU5 - DU10 LIFC - Du Cycle ANIK - Du Cycle - DU5 - DU10 SRVZ Wealth Lab Equations - Dry Up ENWV MKTW VSEC G33M4K Score for the above Stocks ENWV - 1 MKTW - 1 VSEC - 0 Gallas2 "Keep an Eye on These" Stocks PMTI (Attached) Dry Up Stocks with G33M4K Master List Score of Zero BCSI ESMC HRT VSEC (VSEC, IDSA, HRT, LWAY, NVEC & NGPS have float outside normal parameters) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=644170>
Thanks for sharing your efforts with the journal. I have no doubt; many here appreciate your efforts. Without running through "the math" involved with the numerous Dry Up Volume Calculations, it appears you remain "on the right track" with regards to DU Volume Automation. The numbers appear to trend accurately and in the correct direction. I also like the background color change to green for stocks currently in dry up. Some of your calculations appear to come from the low of one price bar to the high of another price bar. If you plan to use these calculations for future optimization (or to create buy and sell signals for back testing and monte carlo simulation), you may wish to use 'open' or 'close' numbers vs 'low' to 'high' calculations on gains. This will provide you more 'real world' calculations as it remains highly unlikely one would enter on the low of one day and exit on the high of another. If you use these numbers simply to grab the number of 20% price increases, then no need to alter them for future calculations. If you plan to add additional DU Volume calculations, you may wish to have your data output print to a 'comments' window below your charts. Currently, the data prints to the price bar 'main window' and in short order will become quite cluttered. Again, since my expertise with Wealth-Lab code is limited at best, you might have an expert like srvz review the system to catch any oddities either of us may have missed. Overall, I think your efforts resulted in a substantial improvement, and feel many will find benefit from its use. Keep up the great work, and I look forward to your future enhancements. - Spydertrader
Thanks very much for reviewing the script, glad I'm on the right track. Great idea about the comments window, it IS becoming a bit nuts. I'm just using the peakbar/lowbar variables for determining the 20% price moves, but I see what you're saying. I look forward to any further contributions I can make. -JohnC99
Hi Guys For some reason ET's auto mailer did not sent me an e-mail notifying me of new messages. So I'm a bit behind. I need to catch up. Take care.
Hi John Thanks for posting your WL script. It looks very good. I have already posted the TC2000's equations in WL script format. My post is within this thread. They are based on DKM's summary. Thanks for your efforts and this is yet another step in automating JH's method. Take care
One more thing, John: It may be more efficient and feasible to breakdown the various DU, Peak and FRV volumes, into seperate functions. I attempted to do this but for some reason, the results did not match that of the origional script. I will see if I can make another attempt at this. Take care.