New Indexes and New Indicators are coming soon.

Over the past month our developers were working on the new system of receiving data which would allow us to implement additional indexes as well as work on new technical indicators which we plan to implement within the next couple of weeks...

New Indexes.

At the current moment we working on adding following NASDAQ indexes to the list of indexes we track:
NASDAQ 100 Financial Index
NASDAQ Bank Index
NASDAQ Internet Index,
NASDAQ Computer Index,
NASDAQ Q-50 Index
NASDAQ Industrial Index,
NASDAQ Telecommunication Index,
NASDAQ Technology Index,
NASDAQ Capital Market Composite Index.

The new indexes would allow tracking other market sectors, apply volume and advance decline based technical indicators to them and could be used by traders who trade stocks from this market sectors.

New Indicators.

At the same time new system allows us to calculate advance decline ticks volume (ADT). Under advance tick index volume we assume summary volume of the positive ticks and the summary volume of the negative ticks of stocks from the index basket over the analyzed period. The same as Advance/Decline, the ADT reveals the traders sentiment and could be analyzed and used in the same way as other advance/decline based technical indicators. In opposite to the Advance/Decline indicators ADT is more sensitive on intraday reversals. The Advance/Decline data are calculated in relation to the previous day close. The ADT calculations are based on advanced and decline ticks of each stock and that explains better sensitivity of the ADT to the intraday trends.

To explain the nature of the ADT calculation we may compare it to the Advance/Decline and Advance Decline Momentum calculation:

Advanced Stock: A Stock is considered advanced if it traded above the previous day close. Even if the stock is moving during the trading session down, no matter how strong and how long this move down is, if this stock is still above previous day close it is still considered as advanced stock.

Advance Momentum Stock:
A Stock is considered advanced if it stock price moved up over a minute. No matter where the stock is in relation to the previous day close, if this stock moves up it is considered as advanced stock. As a result AD Momentum technical indicators are considered better for use on intraday charts while AD technical indicators could be used on higher time-frames.

Advance Ticks: A stock could be traded 100 times within a minute. Each trade is one tick and each trade could move price down and move price up. Even if the price of the stock moved up over a minute, this stock could have for instance 90 advanced ticks (90 trades with price up) and 10 declined ticks (10 trades when price was moving down) within this minute. In the next minute the same stock could still move up, yet have only 60 advanced and 40 declined ticks. As you may see advance/decline ticks are even more sensitive on smaller timeframes than AD momentum indicators. Since the number of ticks could vary from a minute to minute we calculate summary volume of the advance and decline ticks which provide better sentiment evaluation.

Buying and Selling Volume Terminology

We are in the process of changing "Buying Volume" and "Selling Volume" terms in our market outlook and our tutorial. The previously accepted terminology confuses many of our subscribers and we are constantly receiving questions about it. To make it easier to learn, from now on we will use the simplified, commonly used terminology. We will continue using the SBV oscillator as "Selling Buying Volume Oscillator" because this name is correct and this name reveals the nature of the SBV Oscillator correctly, yet, we offer to implement some changes in a few terms:

Instead of	We will use
"Buying Volume"	Volume during the price down-move, Volume during the index decline Volume during MA decline (if referred to changes in price MA) Red SBV We may use commonly used terminology as well : Negative money flow Negative volume flow Bearish volume
"Selling Volume"	Volume during the price up-move, Volume during the index advance Volume during MA advance (if referred to price MA) Green SBV You may use commonly used terminology as well : Positive money flow Positive volume flow Bullish Volume
"Buying Volume Accumulation"	Volume accumulation during the price decline Negative volume accumulation Bearish volume accumulation Negative SBV accumulation Bearish SBV accumulation Red SBV Area
"Selling Volume Accumulation"	Volume accumulation during the price advance Positive volume accumulation Bullish volume accumulation Positive SBV accumulation Bullish SBV accumulation Green SBV Area

The principles of the SBV analysis remain unchanged, only a few terms are changed for easier learning of analysis based on volume technical indicators. Below you may see a few points which are used in the core of SBV and volume technical analysis:

• Negative volume accumulation (negative money flow accumulation) during the index decline leads the index into an oversold stage.
• Positive volume accumulation (positive money flow accumulation) during the index advance leads the index into an overbought stage.
• Declining SBV indicates Bearish sentiment.
• Advancing SBV indicates Bullish sentiment.
• When SBV changes its direction we have changes in the volume flow which indicates changes in the market sentiment which may lead toward the trend reversal.
  • If as a result of a price decline the SBV Oscillator dropped into negative territory and then started to advance we may state that we see the changes in the market sentiment (from Bearish into Bullish) and we may expect a possible reaction on oversold index as a trend reversal, recovery and up-trend.
  • If as a result of price advance the SBV Oscillator climbed into positive territory and then started to decline we may state that we see the changes in the market sentiment (from Bullish into Bearish) and we may expect a possible reaction on overbought index as a trend reversal, correction down and down-trend.
• How strongly the index is overbought/oversold could be evaluated from how big the Bullish/Bearish SBV accumulation (how big green or red SBV areas are ) is.

Important: The overbought/oversold index could be evaluated in different time-frames and assigned to different time-frames. If you see Bullish/Bearish SBV or volume accumulation on an intraday chart, most likely the index reaction on this overbought/oversold stage will be on intraday level. If you see a big Bullish/Bearish SBV accumulation on a 1-year chart you may assume that the index is overbought/oversold on mid-term levels and the expected reversal could result in mid-term down- or up-trend.

Advance Decline

We are enhancing our services and adding new studies (indicators) to our charts...

Advance Decline PO

Once again, MarketVolume® is one step ahead of the competition. Right now, our development team put the finishing touches on our new Indexes charts. MarketVolume® is the only source of real-time intraday index volume and advance / decline charts for major US indexes and exchanges. Now, we are raising the bar even further. From now on you may monitor A/D PO (Advance Decline Percentage Oscillator), and we are the only source of AD PO for U.S. indexes and Exchanges.

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About Advance Decline Percentage Oscillator (OBV)

To avoid a situation when the A/D Ratio would run towards infinity our team has developed and implemented a new technical indicator Advance/Decline Percentage Oscillator (A/D PO) in September 2008. We are the first who introduced this indicator to the world and at the current moment we are the only company that provides this indicator and we consider ourselves this indicator developers.

The A/D PO has the same meaning and analyzes the ratio between the advances and declines. The difference between A/D PO chart and A/D Ratio chart (with similar chart setting) is barely noticeable. Yet, it allows to analyze the A/D Ratio results in the percentage scale from -100% to +100%.

Below you may see formulas used in A/D Percentage Oscillators.

Advance/Decline Issues Percentage Oscillator:

A/D Issues PO =

Advance Issues - Decline Issues Advance Issues + Decline Issues

x 100

Advance/Decline Volume Percentage Oscillator:

A/D Volume PO =

Advance Volume - Decline Volume Advance Volume + Decline Volume

x 100

Advance/Decline Momentum Volume Percentage Oscillator:

A/D Mom Volume PO =

Advance Mom Volume - Declined Mom Volume Advance Mom Volume + Declined Mom Volume

x 100

New Highs/Lows Percentage Oscillator:

H/L PO =

New Highs - New Lows New Highs + New Lows

x 100

Stay with us - And always get the latest in technical market analysis!

New charts coming soon

Our new chart version is coming soon. The following updates will be implemented:

• SBV colors will be swapped
• Added percentage oscillators for Advance/Decline Momentum Volume, Advance/Decline Volume, Advance Decline Issues and New highs/Lows

SBV Colors

We have received a few requests from our subscribers to swap the colors on the SBV oscillator to match colors of other technical studies: green for positive values and red for negative values. At the current moment, positive SBV is red in color and negative SBV is green in color, which is the opposite of all other oscillators (If you plot several oscillator on the chart you may see that SBV oscillators are colored opposite to all other oscillator).

On September 8-9, 2008 we had survey among our subscribers.

Results of SBV color swap survey:

• 89% - in favor of color swap
• 7% - in favor of leaving colors unchanged
• 4% - does not matter

As the survey result suggest we will swap the SBV colors.

New Indexes

We are enhancing our services and adding new indices to our charts...

NASDAQ Transportation (^IXTR)
NASDAQ Biotechnology (^NBI)
NASDAQ Industrial (^IXID)
NASDAQ Computer (^IXK)

Once again, MarketVolume® is one step ahead of the competition. Right now, we have added new indexes to our charts. MarketVolume® is the only source of real-time intraday index volume and advance / decline, SBV, MVO charts for major US indexes and exchanges.

Now, we are raising the bar even further. From now on, our subscribers may apply volume and advance decline based technical indicators to Dow Jones Composite Averages, NASDAQ Transportation, NASDAQ Biotechnology, NASDAQ Industrial and NASDAQ Computer indexes and track sentiment changes in these market sectors. At the current moment we are the only source of these studies for these indexes.

In order to properly load new chart version, some web browsers may require you to refresh cache memory on your computer (use the Ctr-F5 button before and after login).

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NASDAQ Transportation

The NASDAQ Transportation Index has been introduced on February 5, 1971 contains covers Transportation and Airlines (delivery services, marine transportation, railroads, transportation services, trucking, and airlines) NASDAQ-listed public companies.

NASDAQ Biotechnology

The NASDAQ Biotechnology Index covers Biotechnology or Pharmaceuticals public companies listed and traded on the NASDAQ Stock Exchange. This index was introduced on November 1, 1993 with a base of 200.00 and reflect the sentiment in the biotechnology market sector.

NASDAQ Industrial

The NASDAQ Industrial Index was lunched on February 5, 1971 with a base of 100.00. This index cover the NASDAQ-listed companies which are not included in other NASDAQ sector indexes: oil and gas productions, oil equipment, forestry and paper, services & distribution, construction and materials, aerospace and defence, general industrials, chemicals, industrial metals, industrial engineering, automobiles and parts, mining, electronic and electrical equipment, beverages, food producers, household goods, leisure goods, personal goods, general retailers, media, support services, hotels, recreational services, gambling, restaurants and bars, tobacco, food and drug retailers, travel & tourism, electricity, gas distribution, water, and multi-utilities.

NASDAQ Computer

The NASDAQ Computer Index covers public companies listed and traded on the NASDAQ Stock Exchange from the Technology industry with exception of the Telecommunications Equipment companies. This index includes computer service, internet, software, computer hardware, electronic office equipment, and semiconductors companies. The NASDAQ Computer Index was introduced on November 1, 1993 with a base of 200.00.

Stay with us - And always get the latest in technical market analysis!

New Indexes

At the current moment our team is working on adding new indexes to our index charts. By the end of this month we plan to make available on our charts following U.S. indexes:

NASDAQ Biotechnology (^NBI)
NASDAQ Computer (^IXK)
NASDAQ Transportation (^IXTR)

OBV, PPO and ATR

We are enhancing our services and adding new studies (indicators) to our charts…

OBV, PPO and ATR

New charts have been installed on our server.

OBV, PPO and ATR has been added to the list of technical studies available with our charts.

The new chart version is 7.2.7.

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About On Balance Volume (OBV)

The OBV calculations are simple. The On Balance Volume is cumulative total of the negative and positive volume, where the negative volume is volume during the price decline and positive volume is volume during the price advance.

The On Balance Volume could be used as confirmation indicator as well as a tool to predict coming trend reversal.

If the OBV line moves along with the price MA (Moving Average) technical analysis tells that the OBV confirms the up-trend. At the same time the OBV decline during the price drop would confirm a down-trend. The divergence of the SBV movement and price trend could be used to anticipate possible changes in the market trend. The declining OBV during the price advance may indicate possible beginning of a new down-trend, while advancing OBV during the price decline could indicate a possibility of begging a new up-trend.

Chart 1: Nasdaq 100 index - On Balance Volume (OBV).

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About Average True Range (ATR)

The ATR indicator could be very useful in trading systems to define stock market periods of high volatility. From the chart above you may see that since August 2007 the Nasdaq 100 index has been 2-3 times more volatile. It means that from that month the Nasdaq 100 price changes its direction 2-3 time faster then before. As a result, technical indicators setting used in the period prior August 2007 may fail to generate signals after that month. The old indicators setting may simply open and close a trade when it is already too late.

As you may see the ATR helps identify high volatile period. In August 2007 by having ATR data, proficient in technical analysis trader would adjust the indicators to be more sensitive and faster react on the price changes.

Chart 2: Nasdaq 100 index - Average True Range (ATR).

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About Percentage Price Oscillator (PPO)

The PPO is a percentage representation of MACD and all principles of technical analysis used with MACD could be applied to PPO and PPO would generate signals similar to the signals generated by MACD. As a result PPO is widely used with PPO-histogram which are analyzed in the same way as MACD histogram.

The same as with MACD the PVO could be used to generate signals from:

• Divergence

• Moving Average Crossover

• Centerline Crossover

The advantage of the PPO over MACD is that because PPO is percentage based it allows comparing the PPO of various securities.

Chart 3: S&P 500 index - Percentage Price Oscillator (PPO) and MACD.

More Studies Coming

Stay with us - And always get the latest in technical market analysis!

OBV, PPO, ATR

By the end of this week we are planning to introduce PPO (Percentage Price Oscillator), OBV (On Balance Volume) and ATR (Average True Range) indicators on our charts. These indicators are well known and we believe that expanding the number of technical studies available with our charts will help our subscribers to use our charts and proprietary indicators (SBV, MVO and Advance/Decline) in junction with other popular studies.

New Highs/Lows

We just added the new page on using New Highs and New Lows indicators in technical analysis. You may find this page at
http://www.marketvolume.com/technicalanalysis/new_highs_lows.asp

main points are "a scenario when during an up-trend the number of New Highs started to decline (New Highs/Lows oscillator and ratio starts to move down) may signal a possibility of coming down-turn. At the same time, a situation when during the decline the number of New lows starts to decline (New Highs/Lows oscillator and ratio starts to move up) may signal a possibility of coming recovery."

Technical Studies

At the current moment we are working on adding following technical studies to the list of studies on our charts:

Average True Range (ATR) - ATR was developed by J. Welles Wilder to measure a security's volatility. As such, the indicator does not provide an indication of price direction or duration, simply the degree of price movement or volatility. This indicator could be used to define the market stages when the security price is highly volatile from the periods when the price does not make sudden and fast movement. By having this knowledge a trader may adjust the personal trading indicators to react faster on market trend changes or to generate signals with some delay respectively.

On Balance Volume (OBV) - OBV indicator was created by Joe Granville to measure positive and negative volume flow. OBV is calculated by adding a period's volume when the close is up and by subtracting the period's volume when the close is down. A cumulative total of the volume additions and subtractions forms the OBV line.

Percentage Price Oscillator (PPO) - The Percentage Price Oscillator calculation are similar to the PVO (Percentage Volume Oscillator) with the difference that the formula is applied to the price moving averages instead of volume moving averages. The PPO formula subtracts the longer moving average from the shorter moving average and then divides the result by the longer moving average.

Data Feed

DTN, our data feed provider, experienced technical difficulties for 15 minutes. We would like to apologize for any inconvenience, yet, it was beyond our control.

QQQQ Chart

New charts have been installed on our server.

QQQQ has been added to our chart(available to GOLD and PLATINUM subscribers only).

The new chart version is 7.2.6.

From now on,

• Our subscriber may analyze and monitor QQQQ on our charts.
   
• SBV Oscillator, MVO and other proprietary studies could be applied to QQQQ

How to open QQQQ charts:

1. Open our Index charts;
    
   
2. Select QQQQ from the index drop down menu.

QQQQ

With gin the next couple of weeks we plan to lunch QQQQ charts with SBV and other volume based technical studies.

About QQQQ: QQQQ is the Nasdaq 100 tracking stock. The purchase of a single QQQQ share allow to invest in the NASDAQ 100 index companies - largest non-financial companies listed on The NASDAQ Exchange. At the current moment QQQQ is one of the most actively traded stock on the US market.

New Chart Version

New chart versions with minor modifications were installed on our servers today.

Our current chart versions are:
For Index Charts: 7.2.5
For E-mini Charts: 7.2.5

Important: In order to properly load new chart version, some web browsers may require you to refresh cache memory on your computer (use the Ctr-F5 button before and after login).

How to check a chart version

You may check a chart version I by clicking the "Question mark" button at the top right corner of the chart and selecting 'About".



As a rule a browser should always pick up the newest chart version. Yet, some browser may keep the old version in the browsers cash memory. It's recommended time on time to refresh the browsers cash memory to be sure you are using the latest chart version. To do it simply follow the steps:

1. Please close all browsers, and open a new one.
2. After you logged into the members' section, press Ctrl+F5 to refresh cash memory of the browser
3. Open a new chart which supposed to be latest available version.

New charts

At the current moment our charts are updated once a minute. For example, the 9:30 bar covers a period from 9:30:00 until 9:30:59 and we update our data after the bar completion.

Staring from tomorrow (July 24, 2008) we will have new updated chart version installed on our main server.

Important: In order to properly load new chart version, some web browsers may require you to refresh cache memory on your computer (use the Ctr-F5 button before and after login).

The implemented update will allow having 1-day and 2-hour chart periods to be updated every 30 seconds. On the 1-day and 2-hour chart periods 1 bar = 1 minute and we believe that it is essential to have chart updates as often as possible for these view periods. 5-day, 10-day, 15-day and higher timeframe charts will be updated once a minute after bar completion (the same as before).

E-mini charts will stay unchanged and, as before, they will be updated once a minute. Yet, we are working on having the 1-day and 2-hour view periods on these charts updated twice a minute as well.

Development Server

Our development server is located at http://www2.marketvolume.com. On this server, you may see the charts that are still in the process of the development and are not available on the main (www.marketvolume.com) server yet. Our subscribers may log into the MV members' area on the development server in the same way you log into the MV members' area on the main web site.

Keep in mind that as a result of a development on this server you may see gaps in the index data and have interruptions in the service. We use this server for development only. At the same time you will not be able to save any chart style or drawing on charts from this server.

In case of the main and backup servers failure we stop any development on our development server. In such case http://www2.marketvolume.com could be used as alternative way of accessing our chart and other services.

30-sec Chart Update

At the current moment our charts are updated once a minute. For example, the 9:30 bar covers a period from 9:30:00 until 9:30:59 and we update our data after the bar is completed. We do not provide streaming data simply because all our indicators including volume have to be calculated. Nobody (except us) provides volume for indexes and exchanges and this small delay is a price for complex calculation in real time.

Our developers started to implement the system that allows having 1-day and 2-hour chart periods to be updated every 30 seconds. We are on the final stage of this development and we plan to completely switch twice a minute updated charts within the next two weeks.

Start

MV technical support team has started a blog. The purpose of this blog is to update MV subscribers and visitors with the current news in chart developments and chart improvements, as well as to post other important messages about our services. This blog does not cover the market analysis and trend predictions, it is solely dedicated to informing chart and web users about new and upcoming features with our services.

About MarketVolume.com
Marketvolume.com is the single source for real time market volume data presented in conjunction with volume advances and declines of any index or basket of securities or instruments over any number of time horizons. Its real time measurement of volume surges in all major indexes -- when combined with its modulation technology; its comprehensive, instantly accessed library of historical volume activity; and volatility indicators --provides individual traders, institutional traders, hedge funds and managed-account businesses with extraordinarily quick and accurate views of market sentiment and direction that are historically demonstrable.

For more information, visit MarketVoluem.com.