Add-on For Heikin Ashii and Volume Delta

Add-on For Heikin Ashii and Volume Delta

Release

Attached Images

ttmandvolumedelta.jpg (82.0 KB, 636 views)

Attached Files

DELTA TTM DIV.ELD (4.8 KB, 257 views)

Software Version: , by Soultrader Soultrader is offline

Developer Last Online: Jul 2008

Trading Platform:	Rating:
Release Date: 02-12-2007	Last Update: n/a	Installs: 27
Supported Beta Stage

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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This modification may not be copied, reproduced or published elsewhere without the author's permission.

Thanks: 119

Thanked 368 Times in 158 Posts

1 links from elsewhere to this Post. Click to view.

#1 (permalink)

By TinGull on 02-22-2007, 08:08 AM

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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Thanked 16 Times in 7 Posts

#2 (permalink)

By Soultrader on 02-22-2007, 08:24 AM

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?

Thanks: 119

Thanked 368 Times in 158 Posts

#3 (permalink)

By TinGull on 02-22-2007, 09:05 AM

Re: Add-on For TTM and Volume Delta

Yea, I'd love to see them mainly at those pivot levels, or like a certain tick amount prior. Like...only show signals if price is within 2 points of VAL, VAH or POC kind of thing. Hmmm.....gettin me thinkin.

Here's my chart, though.

Attached Images

dots.png (35.3 KB, 183 views)

Thanks: 0

Thanked 16 Times in 7 Posts

#4 (permalink)

By Soultrader on 02-22-2007, 09:11 AM

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.

Thanks: 119

Thanked 368 Times in 158 Posts

#5 (permalink)

By TinGull on 02-22-2007, 09:14 AM

Re: Add-on For TTM and Volume Delta

Yea, it is amazing.

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Thanked 16 Times in 7 Posts

#6 (permalink)

By walterw on 02-22-2007, 09:27 AM

Re: Add-on For TTM and Volume Delta

	Quote:	Soultrader
	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.

Soul I will be working on it... cheers Walter.

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Thanked 32 Times in 23 Posts

#7 (permalink)

By Soultrader on 02-22-2007, 10:14 AM

Re: Add-on For TTM and Volume Delta

Thanks Walter

Thanks: 119

Thanked 368 Times in 158 Posts

#8 (permalink)

By walterw on 02-22-2007, 02:38 PM

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.

Attached Files

DELTA Heikin Ashii DIV ON LEVEL.ELD (6.9 KB, 37 views)

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Thanked 32 Times in 23 Posts

#9 (permalink)

By TinGull on 02-22-2007, 02:50 PM

Re: Add-on For TTM and Volume Delta

Nice...now to figure it out in IRT....

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Thanked 16 Times in 7 Posts

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