Volume Delta Oscillator - Page 2

02-02-2007, 08:49 AM

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Volume Delta Oscillator

Here is the oscillator version of the Volume Delta created by Walterw. It shows the flow of the Volume Delta very nicely. If you like them oscillators and price divergences, this one is for you.

All credits go out to Click here to read the entire release

Attached Images

tickdeltaosc.jpg (76.4 KB, 1046 views)

Attached Files

VOLUME DELTA OSC.ELD (5.7 KB, 444 views)

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#10 (permalink)

By LS_Chad on 02-14-2008, 08:13 AM

Re: Volume Delta Oscillator

	Quote:	Soultrader
	What are the settings for the volume breakdown indicator to get it into the format as the chart?

I actually added Volume Breakdown three times to that second pane to get that result. The buy volume just uses "Result: Buy Volume". The sell volume uses "Result: Sell Volume (Negative)" and the delta uses "Result: Delta (Buy - Sell Vol)".

#11 (permalink)

By drsushi on 02-14-2008, 12:41 PM

Re: Volume Delta Oscillator

Soul,

My intension was to us MP pivots as well as floor pivots as S/R and trade those areas in addition to previous highs and lows for the previous day. I would watch price at the these respective pivots on a higher timeframe and moved down to ower timeframs to see if there are high or low failures depending on the direction and trade based on that.

Would you be willing to go into greater detail when you talk about pattern recognition? I read that you don't use things like triangles etc as patterns. I'm assuming you don't mean double tops or bottoms either. Also, how does this (these patterns)give you insight as to what kind of day we may have? If you have examples you can post that would be of great help to me. Thanks.

David

#12 (permalink)

By Soultrader on 02-14-2008, 01:31 PM

Re: Volume Delta Oscillator

	Quote:	drsushi
	Soul, My intension was to us MP pivots as well as floor pivots as S/R and trade those areas in addition to previous highs and lows for the previous day. I would watch price at the these respective pivots on a higher timeframe and moved down to ower timeframs to see if there are high or low failures depending on the direction and trade based on that. Would you be willing to go into greater detail when you talk about pattern recognition? I read that you don't use things like triangles etc as patterns. I'm assuming you don't mean double tops or bottoms either. Also, how does this (these patterns)give you insight as to what kind of day we may have? If you have examples you can post that would be of great help to me. Thanks. David

Hi David,

Could you start a new thread on this topic? I will post a few charts.

#13 (permalink)

By drsushi on 02-14-2008, 05:49 PM

Re: Volume Delta Oscillator

I started a new thread under the technical analysis section.

D

#14 (permalink)

By daedalus on 08-16-2008, 11:37 AM

Re: Volume Delta Oscillator

I really like this indicator as it can be very helpful for spotting divergences, however the MA overlayed on the indicator is bugging the hell out of me. It gets in the way of seeing the actual histogram. I've tried modifying the code myself to remove the MA but i'm just randomly deleting lines of code and re-verifying to see if it disappears.

Can anyone help?

Thanks!

#15 (permalink)

By forsearch on 08-16-2008, 06:23 PM

Re: Volume Delta Oscillator

Try this:


	[LegacyColorValue = true]; Inputs: Up_Dn_MALen( 10 ), MAType_SMA_1_EMA_2_WMA_3( 2 ), MA_DisplayScalingFactor( 1 ), Plot_UpDn_1_or_Diff_2( 2 ), Plot_MA_1_or_Off_0(0), MA_DiffLen( 2 ), smooth(3), av (3); Variables: MA_Up( 0 ), MA_Dn( 0 ), MA_Diff( 0 ); If BarType <= 1 then { Use only on Intra-Day Time or Tick Bars } Begin { Moving Averages of Up&DownTicks and their Difference } If MAType_SMA_1_EMA_2_WMA_3 = 1 then Begin MA_Up = MA_DisplayScalingFactor * ( Average( UpTicks, Up_Dn_MALen ) ); MA_Dn = MA_DisplayScalingFactor * ( Average( DownTicks, Up_Dn_MALen ) ); MA_Diff = ( Average( UpTicks - DownTicks, MA_DiffLen ) ); End { If MAType_SMA_1_EMA_2_WMA_3 = 1 } Else If MAType_SMA_1_EMA_2_WMA_3 = 2 then Begin MA_Up = MA_DisplayScalingFactor * ( XAverage( UpTicks, Up_Dn_MALen ) ); MA_Dn = MA_DisplayScalingFactor * ( XAverage( DownTicks, Up_Dn_MALen ) ); MA_Diff = ( XAverage( UpTicks - DownTicks, MA_DiffLen ) ); End { If MAType_SMA_1_EMA_2_WMA_3 = 2 } Else { If MAType_SMA_1_EMA_2_WMA_3 = 3 } Begin MA_Up = MA_DisplayScalingFactor * ( WAverage( UpTicks, Up_Dn_MALen ) ); MA_Dn = MA_DisplayScalingFactor * ( WAverage( DownTicks, Up_Dn_MALen ) ); MA_Diff = ( WAverage( UpTicks - DownTicks, MA_DiffLen ) ); End; { If MAType_SMA_1_EMA_2_WMA_3 = 3 } {Plots Up&DownTicks and their selected Moving Averages or their Difference as desired} {The order of the plots insures proper visual presentation of the histogram bars} If Plot_UpDn_1_or_Diff_2 = 1 then Begin Plot2( MA_Up, "MA" ); Plot4( MA_Dn, "MA_Dn" ); End;{If Plot_UpDn_1_or_Diff_2 = 1} If Plot_UpDn_1_or_Diff_2 = 2 then Begin Plot5( average (MA_Diff,smooth), "MA" ); End;{If Plot_UpDn_1_or_Diff_2 = 2} End; { if BarType <= 1 } if plot2 > plot4 then setplotcolor (2,blue); if plot2 > plot4 then setplotcolor (4,blue); if plot2 < plot4 then setplotcolor (2,red); if plot2 < plot4 then setplotcolor (4,red); if Plot_MA_1_or_Off_0 <> 0 then begin plot6 (average(plot2, av)); plot7 (average(plot4,av)); plot8 (average(plot5,av)); end else begin NoPlot(6); NoPlot(7); NoPlot(8); end; if plot5 > plot8 then setplotcolor (5,blue); if plot5 > plot8 then setplotcolor (8,blue); if plot5 < plot8 then setplotcolor (5,red); if plot5 < plot8 then setplotcolor (8,red);

Use the Plot_MA_1_or_Off_0 input to toggle the display of the MAs on (1) and off (0).

-fs

#16 (permalink)

By daedalus on 08-16-2008, 06:55 PM

Re: Volume Delta Oscillator

Thanks forsearch!

Although, i think the wrong thing got turned off.

I verified your code and I turned on the ma in your code (changing 0 to 1) but the base data that comes up is not the plot, but the MA.

Hopefully this shows it, the one you posted is on the top, the stock one on the bottom.

I'd like to keep the PLOT8 values from the bottom indicator and get rid of the MA. If that makes sense?

Thanks again!

Attached Images

1.jpg (114.3 KB, 71 views)

#17 (permalink)

By forsearch on 08-16-2008, 07:00 PM

Re: Volume Delta Oscillator

Since I'm no longer a TS user, I just took a look at the code that was posted and gave it a quick one-off edit.

I'm sure someone who has TS or MC will give it a look for ya in due course.

#18 (permalink)

By BlowFish on 08-16-2008, 07:42 PM

Re: Volume Delta Oscillator

You could just set the plot to invisible when you apply the study perhaps?

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