Bid-Ask Tape Indicator - Page 5 - Traders Laboratory

01-31-2007, 11:01 AM

Soultrader Soultrader is offline

Soultrader is looking for a green card.

Trader Specs

Join Date: Aug 2006

Location: Tokyo, Japan

Posts: 3,089

Thanks: 114

Thanked 373 Times in 150 Posts

Bid-Ask Tape Indicator

Here's an indicator I requested and was created by Insideday. Its a simple indicator that calculates the number of contracts at the Ask minus Bid off the tape. Basically, I'm interested in seeing if there are more lots at the ask vs the bid at key price levels such as pivots. Im also interested in seeing the difference during a tight range in anticipation of a breakout.

I personally plot this...

Click here to read the entire release

__________________
James Lee
Email: JamesLee@traderslaborator y.com
Skype: james.lee03
TradersLaboratory.com
**********************
Empowering traders with knowledge.

#38 (permalink)

By swansjr on 01-27-2008, 01:24 PM

Re: Bid-Ask Tape Indicator

I found the link to the TTM webinar on Market Delta:

Trevor Harnett's Market Delta Webinar Recording

#39 (permalink)

By zdo on 01-28-2008, 12:56 PM

Re: Bid-Ask Tape Indicator

	Quote:	dovetree
	Hi Ive been trying to convert this to TS 2000i. I cannot get it to verify. Can someone suggest what the trouble maybe with lines like Intrabarpersist Mycurrentbar(0), which comes up as expecting "(" or word not recognised? thanks

dovetree,

I doubt 2000i has intrabarpersist. See if it will 'compile' with that word removed...

hth

#40 (permalink)

By dovetree on 01-28-2008, 04:55 PM

Re: Bid-Ask Tape Indicator

Hi Zdo, Thanks, Ive tried that and verification gets past those terms but obviously there are other terms that are not recognized by 2000i, the next one is "bartype".

thanks

#41 (permalink)

By Blu-Ray on 01-28-2008, 04:59 PM

Re: Bid-Ask Tape Indicator

	Quote:	dovetree
	Hi Zdo, Thanks, Ive tried that and verification gets past those terms but obviously there are other terms that are not recognized by 2000i, the next one is "bartype". thanks

Dovetree

Try this instead of bartype:

"if (DataCompression < 2) then"

Hope this helps

Blu-Ray

#42 (permalink)

By zdo on 01-28-2008, 05:09 PM

Re: Bid-Ask Tape Indicator

	Quote:	dovetree
	Hi Zdo, Thanks, Ive tried that and verification gets past those terms but obviously there are other terms that are not recognized by 2000i, the next one is "bartype". thanks

dovetree,
I'm pretty sure 2000i only has time interval bars so isolate and eliminate the code that applies to bartype
MyVol = Iff(BarType < 2, Ticks, Volume); is just going to be
MyVol = Volume;

…And if 2000i doesn’t have InsideBid and InsideAsk, I think you’re hosed

hth

#43 (permalink)

By Blu-Ray on 01-28-2008, 05:21 PM

Re: Bid-Ask Tape Indicator

Right here goes for the Delta Divergence:

It's based on the High of Day and Low of Day, I've also coded it with the alerts to fire off when a divergence appears.

Note: when testing it today, Alerts were really annoying within the first 15-30 minutes of the day, as they kept firing off when the market is finding it's range. ( Maybe that was my fault because I was testing it on 5 different symbols )

Also coded it up into a "Show Me", so it will plot a dot with the relevant color when a divergence appears. However, I've coded this one up to fire off as soon as the next bar starts. As what would happen, it would plot a dot when divergence started to appear within a bar, but by the time the bar finished and there was no divergence the dot would still be there.

Hope this helps

Blu-Ray

Note: to anyone unfamilar with this indicator, it will only work on LIVE data ( not historical ).

Oh......I nearly forgot, don't forget to send in your $499 to TL

, so we can split the money

( a comment made by Hubert in the webinar )

Attached Images

Delta Divergence.png (21.0 KB, 294 views)

Attached Files

	DELTA_DIVERGENCE.ELD (5.7 KB, 76 views)
	DELTA_DIVERGENCE_SM.ELD (5.7 KB, 57 views)

#44 (permalink)

By dovetree on 01-28-2008, 05:42 PM

Re: Bid-Ask Tape Indicator

Hi Blue ray, Zdo,

thanks the datacompression worked but as zdo suspected insidebid insideask is not 2000i compatible.

Zdo 2000i is capable od using ticks so im not sure that we are done yet.

thanks for the help

#45 (permalink)

By dovetree on 01-28-2008, 06:48 PM

Re: Bid-Ask Tape Indicator

Hi Zdo, can you define what "insidebid"and Insideask" is for the current TS then I might be able to come up with something for 2000i

thanks

#46 (permalink)

By Blu-Ray on 01-28-2008, 06:48 PM

Re: Bid-Ask Tape Indicator

	Quote:	dovetree
	Hi Blue ray, Zdo, thanks the datacompression worked but as zdo suspected insidebid insideask is not 2000i compatible. Zdo 2000i is capable od using ticks so im not sure that we are done yet. thanks for the help

Dovetree

What about just using pure volume, rather than bid/ask data. If that's any good for you, just let me know and I can sort it out tomorrow if you want.

Cheers

Blu-Ray

#47 (permalink)

By Blu-Ray on 01-28-2008, 06:59 PM

Re: Bid-Ask Tape Indicator

Dovetree

I got bored, so I've coded it anyway.

Hope this helps

Blu-Ray

Attached Images

Volume Divergence.png (12.8 KB, 265 views)

Attached Files

VOLUME_DIVERGENCE.ELD (3.8 KB, 76 views)

Page 5 of 8

« First

Last »

« Previous Release | Next Release »

LinkBacks (?) LinkBack to this Thread: http://www.traderslaboratory.com/forums/f46/bid-ask-tape-indicator-1131.html
Posted By	For	Type	Date
Bid-Ask Tape Indicator - Page 4 - Traders Laboratory	This thread	Refback	01-25-2008 04:01 AM
Traders Laboratory - forumdisplay	This thread	Refback	08-16-2007 04:29 AM

Currently Active Users Viewing This Release: 1 (0 members and 1 guests)

Release Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are On Pingbacks are On Refbacks are On

Similar Threads
Release	Release Starter	Category	Comments	Last Post
Bid-Ask Pressure Indicator for Tradestation	Soultrader	Trading Indicators	17	03-27-2008 06:15 PM
Tape Reading: How I Started Learning Tape	Soultrader	Technical Analysis	2	01-28-2007 05:33 PM
Tape - Bid Ticker	JayRemy	Beginners Forum	17	11-06-2006 04:24 AM

All times are GMT -4. The time now is 12:21 PM.