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Cumulative Flosting Volume by Rick Lampkin
Float Analysis

To: <metastock@xxxxxxxxxxxxx>
Subject: Float Analysis
From: "Rick Lampkin" <rlam3491@xxxxxxxxxxxxxxx>
Date: Sat, 20 Jan 2001 13:30:46 -0800
Reply-To: metastock@xxxxxxxxxxxxx
Sender: owner-metastock@xxxxxxxxxxxxx

Is there anyone on the List that uses or knows how to use Float Analysis with Metastock? If you have a formula that will give a simple cumulative total of shares traded within certain time boundaries, from a given date either forward or backward, I would appreciate your sharing it with me.

I have a formula called "Cumulative Flosting Volume" but it just gives me a straight line across the highest high on the chart and another at the bottom across the lowest low on he chart and this line never changes regardless of the float input you enter. The formula is as follows:

Cumulative Flosting Volume

BackVolume:=LastValue(Cum(V))-Cum(V)+V;
float:=Input("# Shares (millions) ",1,100,1);
float=float*1000000;
If(BackVolume>=float,+1,-1);

 

Here's how the WCVFI works:

The float is a variable input value that must be entered for each different stock under consideration. Starting on any given day and working backward, the current day's volume is added to the previous day's volume and adds that to the next previous day's volume and so on. As each volume number from the past is added cumulatively, the computer compares the running total with that particular stock's float. When the cumulative total is equal to or greater than the float, a dot is placed above that particular bar on the chart.

Then two horizontal lines are plotted on the chart. The top line shows the highest price reached during the backward count, and the bottom line, the lowest price. These lines serve as trigger lines for the buy and sell signals. When the stock's price goes through the top line it gives a buy signal, and when it goes through the bottom line it gives a sell signal. The lines extend backward from the starting date to the bar, where the float has gone through one complete turnover.

Some stocks with a small float may take months or years to go through one complete turnover, while other stocks with large floats may have a rapid turnover in a matter of days.

The program is set up to start counting backward from any date entered for historical studies or set for the present date form constant updates. If a stock's price is rising day after day, the program gives buy signals each time the price goes through the line set from the previous day's highest price reached. Looking at stocks reveals four patterns that occur often.

See http://www.floatanalysis.com/mag.htm for full article and graph examples.

Source / From: TOP
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