Modified Volume-Price Trend Indicator by David G. Hawkins
ARTICLE SYNOPSIS ...Modified Volume-Price Trend Indicator by David G. Hawkins
Looking for an edge? Use this indicator to detect what the insiders are doing while they are doing it.
Using only price and volume data, technicians try to discern what the "smart money" is doing in a stock. Several technical analysis indicators are designed for this. Accumulation/distribution (AD) is one such, and in turn, AD is split into two different indicators, interday and intraday. Interday compares the closes and opens of different days, while intraday compares the close of each day to the open of the same day. In this articl...