Bid-Ask Tape Indicator - Page 6 - Traders Laboratory

01-31-2007, 11:01 AM

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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

Attached Images

bidask.jpg (57.3 KB, 1439 views)

Attached Files

BIDASKINDICATOR.ELD (14.5 KB, 655 views)

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#50 (permalink)

By whisper01Barry on 01-28-2008, 07:23 PM

Re: Bid-Ask Tape Indicator

You guy's are great!!!

Do any of you have Ichimoku indicator??
Thanks Again
Barry

#51 (permalink)

By Ancharka on 01-28-2008, 07:59 PM

Re: Bid-Ask Tape Indicator

Hi Blue Ray,

You have done a great job coding Hubert's "secret" Divergence indicator.

I was trying to create an exit for one of my strategies based on that indicator. But no success. What I want to do is very simple: If I am Long and 2 consecutive Red histogramm bars are in place I want to exit. And opposite for Short trades.
What I wrote is this:
If MP = 1 and BAVolDiff[1] <= 0 and BAVolDiff <= 0
then begin
Sell ("SX1") from entry (LEdelta") next bar market;
end;
Something is not working correctly with this line, I am not getting exits at right place
Would you be so kind and may be help me with it. I am not a very good programmer but very good with pattern recognition.

Best Regards,

Ancharka

#52 (permalink)

By marketguy on 01-28-2008, 10:05 PM

Re: Bid-Ask Tape Indicator

Blu,
Thanks so much. I have been waiting for this alarmed Delta Diver for a long time now. You are the greatest.

Questions:
1. Do we have to set our own alert or does it happen automatically per the code?
2. If we want the Show Me and the alert do we have to add both ELD's to a chart?

Again, much thanks.

Bryan

#53 (permalink)

By dovetree on 01-28-2008, 10:12 PM

Re: Bid-Ask Tape Indicator

Hi Blue Ray,

Thanks for that, but I have one small request though, ELD's cant be read by 2000i could you please post as an ELA or just the code so I can get it into TS.

Thanks

#54 (permalink)

By Blu-Ray on 01-29-2008, 03:50 AM

Re: Bid-Ask Tape Indicator

	Quote:	Ancharka
	Hi Blue Ray, You have done a great job coding Hubert's "secret" Divergence indicator. I was trying to create an exit for one of my strategies based on that indicator. But no success. What I want to do is very simple: If I am Long and 2 consecutive Red histogramm bars are in place I want to exit. And opposite for Short trades. What I wrote is this: If MP = 1 and BAVolDiff[1] <= 0 and BAVolDiff <= 0 then begin Sell ("SX1") from entry (LEdelta") next bar market; end; Something is not working correctly with this line, I am not getting exits at right place Would you be so kind and may be help me with it. I am not a very good programmer but very good with pattern recognition. Best Regards, Ancharka

Hi Ancharka

It looks okay to me, what I would do is remove the = and also check that intrabar order generation is not enabled. Apart from that, I'm unsure.

Cheers

Blu-Ray

Edit: This shouldn't make any difference, but give it a try as sometimes TS is a bit funny with exits:

If MP = 1 and BAVolDiff[2] > 0 and BAVolDiff[1] < 0 and BAVolDiff < 0
then begin
Sell ("SX1") from entry (LEdelta") next bar market;
end;

Last edited by Blu-Ray; 01-29-2008 at 04:06 AM. Reason: Added some coding

#55 (permalink)

By Blu-Ray on 01-29-2008, 03:54 AM

Re: Bid-Ask Tape Indicator

	Quote:	marketguy
	Blu, Thanks so much. I have been waiting for this alarmed Delta Diver for a long time now. You are the greatest. Questions: 1. Do we have to set our own alert or does it happen automatically per the code? 2. If we want the Show Me and the alert do we have to add both ELD's to a chart? Again, much thanks. Bryan

No Probs Bryan,

1. Just format the indicator and click on " enable alerts".
2. No, I coded alerts into the "Show Me" as well, so you would just need to add that ELD to your chart, just remember that the alert will fire off after the bar has finished.

Cheers

Blu-Ray

Last edited by Blu-Ray; 01-29-2008 at 05:44 AM. Reason: Spelling

#56 (permalink)

By Blu-Ray on 01-29-2008, 03:59 AM

Re: Bid-Ask Tape Indicator

	Quote:	dovetree
	Hi Blue Ray, Thanks for that, but I have one small request though, ELD's cant be read by 2000i could you please post as an ELA or just the code so I can get it into TS. Thanks

Dovetree

Yes sorry, I realised this later on, here you go:

inputs:

UpColor(green),
DnColor(red),
UpDivergence(Blue),
DnDivergence(Magenta);

vars:
LL(0),HH(0);

if date <> date[1] then begin
LL = low;
HH = High;
end;

if Low < LL then LL = Low;
if High > HH then HH = high;

if upticks > downticks then value1 = (upticks-downticks) else value1 = -(downticks-upticks);

plot1(value1,"ticks");

if plot1 > 0 then setplotcolor(1,upcolor) else setplotcolor(1,dncolor);

if low = LL and value1> 0 then begin
setplotcolor(1,UpDivergen ce);
Alert( "New Low_Divergence");
end;

if high = HH and value1< 0 then begin
setplotcolor(1,DnDivergen ce);
Alert ("New High_Divergence");
end;

Cheers

Blu-Ray

#57 (permalink)

By Ancharka on 01-29-2008, 09:22 AM

Re: Bid-Ask Tape Indicator

	Quote:	Blu-Ray
	Hi Ancharka It looks okay to me, what I would do is remove the = and also check that intrabar order generation is not enabled. Apart from that, I'm unsure. Cheers Blu-Ray Edit: This shouldn't make any difference, but give it a try as sometimes TS is a bit funny with exits: If MP = 1 and BAVolDiff[2] > 0 and BAVolDiff[1] < 0 and BAVolDiff < 0 then begin Sell ("SX1") from entry (LEdelta") next bar market; end;

Good Morning, Blu-Ray

Thank you very much for your input. I am going to try it today and see if it will work. I will let you know.

Best Regards,
Ancharka

#58 (permalink)

By dovetree on 01-29-2008, 06:32 PM

Re: Bid-Ask Tape Indicator

HI Blue Ray, Thanks for the code. I will get it into 2000i and let you know.
really appreciate the time you have spent on this.

thanks

#59 (permalink)

By dovetree on 01-29-2008, 06:44 PM

Re: Bid-Ask Tape Indicator

HI Blueray,

The only problem with the code I see so far for 2000i is upcolor and down colour etc. These words again are not recognised.

Will have to add some type of line like
If value > than 0 colour green, or value <0 color red etc.

Thanks

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