Collaboration to design a new indicator?

[walterw]

Soul, I couldnt find the indicator I promissed, its just about the same posted at beggining.... sorry for that.

I still dont know if the delta that ts creates really can be trusted... I understand that ts data uses for bid and ask values the up/ dn ticks... soul you should double check this factor because if this is true the delta that this indicator creates its not that much reliable... cheers Walter.

[wsam29]

	Quote:	Soultrader
	Sure I would like to take a look. Insideday made an indicator posted on page 1 of this thread which is pretty much what I wanted. I'll post a snapshot of that tomorrow after the close since it only works in real time. Thanks

I have no clue where to find the actual ELD file to upload and I have no clue how to do that either.

[nicknextmove]

wsam29,

If you are sure that it is not an indicator that you paid for, do this:

1. Open TradeStation
2. Select the File | Import/Export EasyLanguage ... menu
3. Select Export EasyLanguage Documents file (ELD). Click Next.
4. In the Export Wizard Select All Techniques
5. Then select the TTM Tick Volume Indicator. Click on the > button.
6. Click Next.
7. Type in CTTM-Bid-Ask-Bars as the File Name
8. Click Finish

You will now have the TTM-Bid-Ask-Bars.eld file in C

Upload it.

[walterw]

yeap, ttm tick volume, its free to public, its been given freely by tradethemarkets.com to their members , but originally was developed by waynechem from tradestation forum, the original name of the indicator is WAV_VOL_3 you can see here his thread and the indicator link https://www.tradestation.com/discuss...Topic_ID=42531 the indicator looks very good, and does work on historical data... it is based on up/dn ticks... so it would be a Delta from ticks... I attach the indicator, Enjoy cheers, Walter.

[nicknextmove]

Thank you Walter. Will try that indicator out.

[Soultrader]

Very nice. Thanks walter.

[Blu-Ray]

James


Is this the kind of indicator your after? It's a little bit easier on the eyes than the last one.

I've just figured this one out today and so far it looks good.

Give me a shout if this is what your after.

Cheers

Blu-Ray

[Soultrader]

Hi Blu-Ray,

Now thats another interesting one... would you mind sharing it? Thats actually a better way to plot the ask and bid volume. Thanks

[Blu-Ray]

James

I've been after this type of indicator for ages now, even looked at the market delta indicator as that was the info I needed, how much volume up compared to volume down.

Anyway, long story short, the green is the total volume, with the red the down volume and with them being overlapped you can always see how much buying compared to how much selling.

Import the ELD and it will probably just show two lines. Just right click and format the indicator, switch the colour on the volume to green (down Volume already red). Then switch the style to histogram on both and adjust the weight of the lines. Remember to press the default button, so you only have to do this once.

This only works on intraday data, daily charts don't work.

Enjoy

Blu-Ray

[Soultrader]

Thank you Blu-Ray,

Wow.... this makes my life alot easier now. Excellent indicator. I tried the one walter posted earlier but I must say I like your better due to simplicity and visibility. Where did you find this indicator? Did you make this yourself? Thanks

James