Overlaying Charts?

[Soultrader]

Thanks. I think I got it to work.

[MC]

Does the delta only work on live data. Or can you for example pull up a daily 1 year $dji chart and analyze that volume breakdown as well?

If you can do the latter, could you guys post chart of the DJI daily 1 year.
I was hoping to not spend so much but InvestorRT is really looking so flexible it will make TS cry. And with being able to pick my own data vendor I'm not stuck with TS and their issues. You're almost leaving me no choice here.

Thanks

[LS_Chad]

Volume Breakdown works not only on live data, but also on historical data. Tick data is however required in order to compute VB. Different data feeds will allow you to download different amounts of tick data. But with Investor/RT, after that initial download, you can choose to retain as much tick data as you like, so each day you will add one day to the amount of tick data you have on hand (and that you can use for VB).

You are asking to see the VB values on a daily chart of DJI...for a year back? I may have a hard time coming up with that much tick data. VB also requires that the bid and ask....which our data vendors do provide on historical downloads. That might be why TS doesn't allow delta to be computed on historical data....it might not have the historical bid/ask.

[mister ed]

I will leave the final word on the question to the company, but this is what I think is correct. You need tick data to get the correct VB numbers (it tracks which side of the price each trade hits on). I don't know if you could save these numbers so that after a period of time you get a long-term chart (daily say) with correct VB figures on it, but you cannot just call up a daily chart now for a year andget the correct VB numbers. Looks like I was a bit slow with the answer...

[LS_Chad]

A couple more notes on VB......I spent a GREAT deal of time on this particular indicator (Volume Breakdown), making sure it is reliable and efficient. It has to process every tick, but does so very quickly....merging that tick in with the data that has already been computed. VB has become very very popular with our user base, and has been hammered on pretty thoroughly. It's much more than an indicator that just computes the delta....it allows you to do cumulative delta (for each session or for entire chart), to compute any indicator or statistic on top of the delta (or buy/sell volume) values, to chart the "trade speed" (volume per bar, ticks per bar, second per bar, etc) and much more.

One other note on VB...it is currently "Bundled" with Market Profile...although this will likely change in the near future. So in order to activate VB, you have to activate MP.

[LS_Chad]

The TPO Indicator and the Market Profile charts should work in Demo mode, but only for the $DEMO ticker. Here are a couple chart examples:

http://www.charthub.com/images/2008/...cator_Demo.png

TPO Indicator:



http://www.charthub.com/images/2008/02/14/DemoMP.png

Market Profile Chart

[LS_Chad]

I also wanted to point out another somewhat hidden delta-related feature.

Both Trendlines and Zig Zag lines can be labelled with the net delta of each line / leg. Here is an example:

http://www.charthub.com/images/2008/...igZagDelta.png



The key to making this work, is to add the Volume Breakdown to the chart...and within the preferences of the Zig Zag or Trendline indicators, just specify "Label With: Total Delta". With trendlines, this allows you to quickly measure the delta formed between any two bars on the chart.

[MC]

OK OK...I am blown away. Please stop, I can't take anymore.

Insane capabilities. I cannot wait to get back in gear and trade with this platform.

[forsearch]

	Quote:	LS_Chad
	One other note on VB...it is currently "Bundled" with Market Profile...although this will likely change in the near future. So in order to activate VB, you have to activate MP.

Chad,

Has Volume Breakdown been "unbundled" and made available as a standalone option for those of us who might not want or need Market Profile?

-fs

[LS_Chad]

VB and MP are still bundled, but I would expect that to change possibly June 1.