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LinkBack (1) | Release Tools | Display Modes | Language |
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Add-on For Heikin Ashii and Volume Delta
Developer Last Online: May 2008
This is an add-on for the Heikin Ashii and Volume Delta I requested and created by Walterw. All credits go out to Walterw for coding this up.
What this does is it spots the color divergence on the TTM and the Volume Delta. Whenever the TTM is blue but Volume Delta stays red, it will plot a dot on top of the price bar and vice versa. What is important to remember is that this indicator should only be used to spot support and resistance at your predefined levels. I have attached a snapshot showing how this indicator works. Notice the yellow line (daily pivot). We see more sellers there indicated by the red dots leading to a 30pt reversal. |
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Show Your Support
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By
TinGull
on
02-22-2007, 08:08 AM
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Re: Add-on For TTM and Volume Delta
Soul, was there a way to get this to filter out the noise dots? I've had one built for Investor/RT and I can't figure out if there's a way to filter out some noise.
Thanks! |
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By
Soultrader
on
02-22-2007, 08:24 AM
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Re: Add-on For TTM and Volume Delta
Yea... I was wondering the same thing. Im not sure how I could apply filter to noises because I use this tool at every pivot level. I also use it when the markets are rangebound and not respecting any pivot that I use. Do you want the dots to appear only at MP levels and pivot points?
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By
TinGull
on
02-22-2007, 09:05 AM
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Re: Add-on For TTM and Volume Delta
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By
Soultrader
on
02-22-2007, 09:11 AM
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Re: Add-on For TTM and Volume Delta
I think its definitely doable. Especially if you set the parameters to lets say within +-1 pt (any amount here) at each pivot. My elementary level with coding will be of no help but I am sure someone can help you out with it.
Regarding this tool though.... its probably one of the simplest tool but yet I find it of tremendous use. The turning points are amazing.  |
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By
walterw
on
02-22-2007, 09:27 AM
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Re: Add-on For TTM and Volume Delta
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By
Soultrader
on
02-22-2007, 10:14 AM
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Re: Add-on For TTM and Volume Delta
Thanks Walter
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By
walterw
on
02-22-2007, 02:38 PM
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Re: Add-on For TTM and Volume Delta
Ok Soul, you want to try this one, it will require to input the previous day H/L/C like on the pivots indicator, also must input vah, poc and val for today.. the "factor" is the amount of ticks above-below the levels that will be taking into acount, I put it default on 3 thinking of a 3 point on YM, now per example for russell if you want a 3 tick factor, the input should be 0.3.... you can play with this factor as convenient.... enjoy , cheers Walter.
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LinkBacks (?)
LinkBack to this Thread: http://www.traderslaboratory.com/forums/f46/add-on-for-heikin-ashii-and-1186.html
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| Posted By | For | Type | Date |
| Traders Laboratory | This thread | Refback | 03-09-2007 07:15 PM |
| Currently Active Users Viewing This Release: 1 (0 members and 1 guests) | |
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| Release | Release Starter | Category | Comments | Last Post |
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| Volume Delta Indicator | Soultrader | Trading Indicators | 18 | 10-27-2007 02:07 PM |
| Heiking Ashii & Volume Delta Add On Version 2 | Soultrader | Trading Indicators | 5 | 09-03-2007 01:39 PM |
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