Value in Time: Better Trading through Effective Volume
Today I come across ChartMill.com, there is an interesting article about the Effective Volume. The idea of Effective Volume was described in the book ‘Value in Time‘ by Pascal Willain.
Chartmill had a good scan to implement this idea. http://www.chartmill.com/documentation.php?t=Effective+Volume+%28explanation%29.
I see this scan shows many good stocks with good risk-reward entry. Currently, many stocks are having good accumulation in the past 4 days. They all have good follow-through from breaking out the high or bounce from 50MA.
The Effecitive Volume idea is worth to be implemented in TC2000.
The book can also be found online at http://www.4shared.com/document/2fD1UvbA/Value_in_Time_Better_Trading_T.html
You should also check out their article about their own Chartmill Channels, published in the June issue of Traders' Magazine. I can send it to you with their permission.
ReplyDeletesorry I meant Stocks & Commodities
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