V1ct0rChan
1 posts
msg #156697
- Ignore V1ct0rChan
modified |
4/27/2021 11:17:07 PM
The idea and calculations for the Volume Positive Negative (VPN) indicator were created by Markos Katsanos. Markos wrote about the indicator in the article Detecting High-Volume Breakouts, published in Technical Analysis of Stocks & Commodities April, 2021 (Vol. 39, Issue 5).
The goal of the VPN indicator is to detect breakouts using only volume. The basic idea is to compare volume on up days versus volume on down days. The indicator can oscillate between the range of -100 and 100. Values between 0 and 20 are generally considered bullish, negative are bearish.
When the plotted VPN crosses over what Markos refers to as the critical value, that may indicate a high volume breakout. The critical value can be adjusted between 0 to 20, 10 is the default,
Volume Positive Negative Calculation (VPN)
VPN = (VP - VN) / MAV / Period * 100
VP - sum of positive volume
VN - sum of negative volume
MAV - moving average of volume
Volume is considered positive when the average price is higher than the previous day's price by more than .1 of the ATR (average true range). It is the same for negative volume.
Drawing the Indicator on a watchlist:
Stock
Practical filtering example:
Stock
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Cheese
1,374 posts
msg #156698
- Ignore Cheese |
4/28/2021 9:55:48 AM
@ V1ct0rChan
Thank you, and welcome to Stockfetcher !
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miketranz
978 posts
msg #156704
- Ignore miketranz
modified |
4/28/2021 8:03:02 PM
Try this one...
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snappyfrog
749 posts
msg #156705
- Ignore snappyfrog
modified |
4/28/2021 9:28:13 PM
Fixed "dram ma(20)"
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miketranz
978 posts
msg #156706
- Ignore miketranz |
4/28/2021 9:44:55 PM
Thanks...
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snappyfrog
749 posts
msg #156708
- Ignore snappyfrog |
4/29/2021 8:54:26 AM
This tends to look a lot like the PVI indicator, just put into a range oscillator.
Here is a version using a 10 day moving average of the PVI indicator.
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