Collaboration to design a new indicator?

[Blu-Ray]

Thanks James

Yes I've made it myself, but if you open the easy language it's simple really. I've searched all over for something like this, then it dawned on me this morning when I found out you could plot just the down volume only, so I just joined the two indicators together.

Next mission is to see if I can get it to plot only the 10+ lots and above.


Blu-Ray

[Soultrader]

Thank you very much for this Blue-Ray. Would it be okay if you posted this up in the indicator forum as well? Alot of traders can benefit from this indicator.

[wsam29]

Here's a suggestion, if more down volume then up volume, plot volume bar red, and vice versa.

None the less, it is a very useful indicator I will be using.

[walterw]

well Wsam, the version I shared, puts the most traded color at the top... so you can have a visual who did the most at a glimpse, its the same you have "ttm tick volume", maybe we should remove that white middle dot and the average I find it useless and makes the indicator cloghted...

[walterw]

Here it goes, more clean indicator and a better name... "Tick Delta"... cheers Walter.

[walterw]

How about taking this to the next level.... this is an "Oscillator of the tick up/dn volume" I find it on tradestation forum and did some touches... it does show very nice the flow of this "tick delta"... must confess I didnt thought that tick deltas could be that reliable as volume deltas.... thought it looks very nice... I will study the potencial on this and later maybe open a thread on its possible usage.... enjoy, cheers Walter.

[Soultrader]

Wow walterw!!! Great stuff. I dont understand why this indicator is not considered stock for TS. Is it okay if I post this up in the indicator forum? Thanks

[wsam29]

any possible screen shot of this indicator?

(I'm at work and would like to see) :p

[Soultrader]

Here you go wsam29,

The top one is the TICK Delta Oscillator and the lower one is the Tick Delta Indicator.

[walterw]

Yes Soul, I am also excited with this new tool ¡¡ it brings light from a great intrinsic technical concept.... you can post it on the indicators forum, I dont know how to do it... cheers Walter.