I have Telechart, Stockfinder and several other programs that tell me things about acummulation or distrabution of stocks.
I follow TSV, Money stream, OBV, BOP and many more but am curious if their is a really good or better indicator out there that gives daily or weekly updates on buying and selling pressure. Also do the big boy on wall street like to use? Thanks in advance.
- 1 decade agoFavorite Answer
For an A/D indicator, I'll personally use CMF (20). I don't like OBV because for most stocks, since it just mirrors the price (i might use it looking at a stock with erratic volume spikes).
Other ideas include:
Money Flow Index:
Percentage volume oscillator:
The time frames are entirely based on the periods being graphed. The indicators will have parameters which will calculate results based on the period given.
Every trader has their own preferences for parameters, and this also affects the timeframe. For instance, using a CMF 20 (daily) would calculate the same time frame for a CMF 4 (weekly), but the daily CMF would have a more precise measurement for that timeframe. Similarily, the weekly CMF would give a better picture for the long run, since it factors in the previous 3 weeks too.
Here is a list of other useful indicators:
Here's something that can help when choosing indicators:
Keep in mind there is no magical indicator; there is only an indicator that every trader prefers, and finds more useful in certain situations.Source(s): Experience.