Spydertrader, how wide is this envelope for FRV?
The FRV envelope falls within the same two standard deviations from the mean as described for Low Band Dry Up Volume Calculations in Journal One. I moved to using Low Band Dry Up Volume (LBDU) after considering that Dry Up Volume results from a range of numbers. Jack, after all, calculated Dry Up Volume by ‘eyeballing’ bulked charts at the clearstation.com web site. Statistically, LBDU falls 2 standard deviations outside Average Dry Up Volume. Since FRV = 3 * DU, then it only makes sense that FRV would have an equally wide envelope. If we use Average Dry Up Volume to calculate FRV for VPHM, then clearly, actual volume for VPHM did not exceed FRV by EOD. Average Dry Up Volume for VPHM calculated at around 600,000 shares. However, if we use LBDU Volume (300,000 shares), then actual Volume for VPHM did exceed FRV levels by EOD. Another example has actual volume for VPHM on Thursday at around 500,000 shares. Actual Volume for VPHM on Friday shows about 1.5 million shares traded. A three fo
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- Spydertrader, how wide is this envelope for FRV?
