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Indicators | SEP 2003
Detecting Breakouts In Intraday Charts by Markos Katsanos
Detecting Breakouts In Intraday Charts by Markos Katsanos Here’s an important enhancement to the finite volume elements indicator that’s especially useful with intraday minute charts. In the April 2003 STOCKS & COMMODITIES, I introduced the finite volume elements indicator (FVE) and demonstrated how it can be used to detect breakouts in daily charts. To refresh your memory, the FVE is a money flow indicator, but it has two important innovations: first, the FVE takes into account both intra- and interday price action, and second, minimal price changes are taken into account by introducing a price threshold. Those innovations were introduced to improve on two important limitations of existing money flow indicators. . .
by Markos Katsanos
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