Volume Gradient + Heikin Ashii Trend Indicator - Page 2

03-18-2007, 04:40 PM

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Volume Gradient + Heikin Ashii Trend Indicator

In the spirit of the current interest in volume-based indicators, I wrote this TradeStation hybrid of Volume Gradient and Heikin Ashii Trend. It will create a chart with two distinct ranges of colors. One color range, defaulted to green, indicates an uptrend--the other, defaulted to red, indicates a downtrend. The relative darkness of each color reflects the amount of volume in a particular bar relative to a previous sample average. The number of bars in the sample both for determining the...

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Last edited by GCB; 03-18-2007 at 04:48 PM.

#10 (permalink)

By GCB on 03-23-2007, 11:07 AM

Re: Volume Gradient + TTM Trend Indicator

	Quote:	Robert2617
	Excellent. You said PriceLength is used to determine the moving average for the trend. May be a dumb question but how does that work? Does this mean we can adjust the sensitivity, i.e. when the trend bars change color? I was looking at a few volume "share bar" candle charts with this indicator. It appears to be working correctly with those too. Also I was thinking that your above explanation would be good to include inside the eld. Maybe a little credit for yourself too. Nothing wrong with putting your name on your work.

Yes, a longer PriceLength will find longer more sure trends, will but have a larger lag. A shorter PriceLength will locate trends faster, but will give more false signals. Such is the nature of trendfinding.

This indicator considers it a change to a downtrend when a point on the moving average is lower than the previous point, and a change to an uptrend when a point is higher than the previous point.

I will upload a new version soon with the comments, and also with a new option to allow determining the moving average price by something other than Close. e.g. (High+Low+Close)/3. This was a feature I neglected to add.

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#11 (permalink)

By rickv on 03-24-2007, 09:53 PM

Re: Volume Gradient + TTM Trend Indicator

I have dowloaded the latest version of the indicator and still cannot get the chart to print cadle stick chart as in the original example. When I toggle between OHLC and candlestick the OHLC is overlayed on the candlestick. It seems that the paintbar will only showup in OHLC format.
I also noticed that at the bottom section for volume in the original example there is a $I-Volume is there something I'm missing to get this to show as the example?

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#12 (permalink)

By Robert2617 on 03-24-2007, 10:03 PM

Re: Volume Gradient + TTM Trend Indicator

	Quote:	rickv
	I have dowloaded the latest version of the indicator and still cannot get the chart to print cadle stick chart as in the original example. When I toggle between OHLC and candlestick the OHLC is overlayed on the candlestick. It seems that the paintbar will only showup in OHLC format. I also noticed that at the bottom section for volume in the original example there is a $I-Volume is there something I'm missing to get this to show as the example?

Can you post a screenshot of your desktop? The indicator is working properly for me.

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#13 (permalink)

By rickv on 03-24-2007, 10:18 PM

Re: Volume Gradient + TTM Trend Indicator

Here is a 5min of YM - It works fine as long as it is not turned on to candlestick

Attached Images

	chart.jpg (90.4 KB, 124 views)
	chart2.jpg (68.0 KB, 63 views)

Last edited by rickv; 03-24-2007 at 10:25 PM.

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#14 (permalink)

By GCB on 03-27-2007, 09:06 PM

Re: Volume Gradient + TTM Trend Indicator

Latest version with new inputs plus comments.

Price = Calculation of price to be used to determine trend. e.g. Close, or, (High+Low+Close)/3), etc.

PriceLength = Number of price bars to look back to determine trend.

VolLength = Number of volume bars to look back to determine volume trend.

ShowTrend = Paint the bars showing the trend. If false, up bars are green, down are red.

ShowVolume = Paint the bars show showing volume density. If false, all bars are the same density.

Attached Files

TRENDVOL BARS.ELD (7.8 KB, 126 views)

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#15 (permalink)

By Robert2617 on 03-27-2007, 09:31 PM

Re: Volume Gradient + TTM Trend Indicator

Well, now it is totally customizable! Great job! This one should make some money and be in use for a long time. I'm going to give it a whirl tomorrow.

rick, did you ever get yours fixed?

Last edited by Robert2617; 03-27-2007 at 09:34 PM.

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#16 (permalink)

By rickv on 03-28-2007, 07:51 PM

Re: Volume Gradient + TTM Trend Indicator

Rob,

No still only paints OHLC - works great but no go on the candles - I also tried the default Volume Gradient and it does the same thing. I will look to upgrade to ver 8.2 over the weekend and not migrate existing data. Fresh install and I will manually move everything back in. Hopefully that will fix it. What version are you on hence it works for you?

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#17 (permalink)

By Robert2617 on 03-28-2007, 11:42 PM

Re: Volume Gradient + TTM Trend Indicator

TS 8.2 v3863. I think there is one newer version but that was for MS Vista, I'm pretty sure.

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#18 (permalink)

By keymoo on 03-29-2007, 07:33 PM

Re: Volume Gradient + TTM Trend Indicator

Doesn't work for me either and I'm on TS82. v3863. Screenshot attached of candle vs. bar chart.

Any ideas GCB?

Attached Images

	trendvol bar.jpg (58.9 KB, 88 views)
	trendvol candle.jpg (58.8 KB, 98 views)

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#19 (permalink)

By GCB on 03-30-2007, 09:19 AM

Re: Volume Gradient + TTM Trend Indicator

	Quote:	keymoo
	Doesn't work for me either and I'm on TS82. v3863. Screenshot attached of candle vs. bar chart. Any ideas GCB?

keymoo,

That is so weird. I have no idea right now. The function which does the work is NormGradientColor(), everything else about the indicator is pretty basic.

I can't debug it because it's not happening to me. All I can suggest is to call TS.

But try the TS supplied paintbar indicator called Volume Gradient. They'd hesitate to to support mine, but they have to support their own.

G

Rick,

Send me your email addresss. The forum won't let me upload a workspace.

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