Price Volume Rank indicator

Price Volume Rank
Taken from stocks and commodities, ext. 12:06 (235-239) Price:-Volume Rank by Anthony J.. Macek
"Imagine receiving a warning when the market is likely to fail or be alerted when one of your favorite stock was for the rally. What if these signals come from the analysis that was simple to do without a computer and took a few minutes a day to updated, using just two pieces of information found in almost all the newspapers? Is this a dream? might. Macek Anthony explains.
The old saying about keeping things simple applies even to invest in the world. Methods of analysis, such as polarized fractal efficiency and price differences oscillator did a great job, but for those with neither the time nor inclination to master the techniques required to track every blip and sputter that the market produces can serve as and indicating only two very important marketing variables: price and volume.
For interpretation refer to 94 June issue of the technical analysis of stocks and commodities.
You have to create all usual formulas in order to rank PV to calculate accordingly.
P-B Rank:
Fml ("PV1") + Fml ("PV2")
PV1:
If (C> Ref (C, -1), If (V,>, Ref (V, -1), 1, If â â (C, <, Ref (V, -1), 2, 0)) 0)
PV2:
If (C, <, Ref (C, -1), If (C, <, Ref (V, -1), 3 If (V,>, Ref (V, -1), 4, 0)) 0)
PV Biggie: (This is a combination of all formulas in a formula)
If (C> Ref (C, -1), If (V,>, Ref (V, -1), 1, If â â (C, <, Ref (V, -1), 2, 0)) If (C, <, Ref (C, -1), If (C, <, Ref (V, -1), 3 If (V,>, Ref (V, -1), 4, 0)) 0))