Adding to my earlier message- one way to calculate the Buy and Sell Volumes is:
Buying Range = Close - Low, Selling Range = High - Close
Which is much the standard way many traders use, such as Larry Williams.
Then you can take that one step further:
BullRange = IIf( Close == Open AND High == Low, 1, IIf( Close > Open, ( Close - Low ) + ( High - Low ), ( Close - Low ) + ( High - Open ) ) );
BearRange = IIf( Close == Open AND High == Low, 1, IIf( Close > Open, ( High - Close ) + ( Open - Low ), ( High - Close ) + ( Close - Low ) ) );
TotalRange = BullRange + BearRange;
BuyVolume = Volume * ( BullRange / TotalRange );
SellVolume = Volume * ( BearRange / TotalRange );
But as I mentioned, these approximations are far from perfect. But can at times come close the the actual Buy and Sell Volumes.
Regards,
Jorgen
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Posted by: jorgen.wallgren@gmail.com
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