Add-On for Tick Delta and Heikin Ashii Trend

[mjp]

Robert, back anytime. I use modified HA.

[tradinghumble]

Just wondering if anyone has the eSignal code for the TTM Trend.

Thanks.

[Soultrader]

Hi walter,

There seems to be a small bug in the TTM Div dots. Some of the blue TTM's show a green dot. I have attached a pic. Perhaps you can take a look? Thank you.

[walterw]

yes Soul, thought the showme study is not set to update intrabar, it seems that if at some point during the bar the ttm had a diferent color, the showme takes that into acount and still plots that divergence... I will be working on it and will try to make a better version of it... cheers Walter.

[Soultrader]

Thank you walter.

[walterw]

Here is the new version of the Delta Ttm Divergence, this one works perfect... maybe you want to change this one on the indicators forum.... enjoy cheers Walter.

[Soultrader]

Thank you Walter. I will give this a shot.

[3monkeys]

In an act of "creative imitation" (or is it "imitative creationism" ), Hubert Senter of TTM will also release a proprietary TS indicator called ... TTM Delta Divergence in early November, 2007. This indicator is looking for:

	Quote:
	Current Low or New Low. Histogram represent the difference between the volume traded at or above the ask and the volume traded at or below the bid. Aggressive buyers at the Low. Aggressive sellers at the High. Real-time Only Let it run a little first {in usage}

Here is a link to a swf video describing this indicator : http://www.divshare.com/download/2532690-421

Those wishing to write the code for this may read up on a real time bid ask price action indicator called TickMoneyFlow here: https://www.tradestation.com/Discuss...D=68788&Page=2 which may be another source of "creative imitation" for TTM.

{TickMoneyFlow indicator from TS forum. D=68788&Page=2 The CurrentAsk/CurrentBid function returns the current real-time inside Ask/Bid for the last bar on the chart, for use in a chart window. CurrentAsk/CurrentBid cannot reference historical Ask/Bid data, and returns the Close of the bar for all historical bars in a chart. Keep in mind that symbols that do not trade directly will report 0; (e.g. Market Index Symbols). } Inputs: Length1(500),Length2(100); Vars: IntrabarPersist TickFlag(0), IntrabarPersist OldPrice(0), IntrabarPersist TMF(0), IntrabarPersist NewTickVol(0), IntrabarPersist MyBarVolume(0); if BarNumber >= 1 then begin NewTickVol = Ticks - MyBarVolume; MyBarVolume = MyBarVolume + NewTickVol; if (C>=CurrentAsk) then begin TMF=TMF + (C * NewTickVol); TickFlag = 1; end; if (C<=CurrentBid) then begin TMF=TMF - (C * NewTickVol); TickFlag = 2; end; if (C<CurrentAsk and C>CurrentBid) and C>OldPrice then TMF=TMF + (C*NewTickVol); if (C<CurrentAsk and C>CurrentBid) and C<OldPrice then TMF=TMF - (C*NewTickVol); if (C<CurrentAsk and C>CurrentBid) and C=OldPrice and TickFlag = 1 then TMF=TMF + (C*NewTickVol); if (C<CurrentAsk and C>CurrentBid) and C=OldPrice and TickFlag = 2 then TMF=TMF - (C*NewTickVol); OldPrice = C; if BarStatus(1) = 2 then MyBarVolume = 0; end; Plot1(TMF, "TMF"); Plot2(LinearRegValue(Plot1,Length1,0)); Plot3(LinearRegValue(Plot1,Length2,0));

[mjp]

Well done. Always count on TL to scoop the TTM folks. Nothing wrong with a business making a buck...but it always has been the American way to improve and improvise. More than one way to skin the cat.