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Up/Down Volume Indicator
Software Version: , by Blu-Ray (Premium Trader) Blu-Ray is offline
Developer Last Online: May 2008

Trading Platform: Rating: -
Release Date: 02-02-2007 Last Update: n/a Installs: 18

A nice easy visual to see if there's more buyers than sellers.


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

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By Soultrader on 02-02-2007, 06:35 AM
Re: Up/Down Volume Indicator

Thanks for this Blu-Ray. Great work!
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  8 links from elsewhere to this Post. Click to view. #1 (permalink)  
By ryounkin on 02-02-2007, 10:16 AM
Re: Up/Down Volume Indicator

Cool! Thanks

Buck
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  #2 (permalink)  
By Soultrader on 02-04-2007, 04:36 AM
Re: Up/Down Volume Indicator

Hi Blu-Ray,

I have a request regarding the indicator. Is it possible to plot the greater of the two on top? For example, more selling volume would place the red on top of the green and vice versa. Thanks
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  #3 (permalink)  
By Blu-Ray on 02-04-2007, 12:46 PM
Re: Up/Down Volume Indicator

James

Having looked a bit further into your request is seems that the TickDelta indicator by Walterw, is exactly what your after.

Although you may think that the TickDelta is just based on ticks, its based on the actual volume (having checked the easy language). I cross referenced the TickDelta, Up/Down Volume and the normal volume indicator and they all give out the same figures.

Hope this helps

Blu-Ray
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  #4 (permalink)  
By Soultrader on 02-04-2007, 05:59 PM
Re: Up/Down Volume Indicator

Quote:
View Post
James

Having looked a bit further into your request is seems that the TickDelta indicator by Walterw, is exactly what your after.

Although you may think that the TickDelta is just based on ticks, its based on the actual volume (having checked the easy language). I cross referenced the TickDelta, Up/Down Volume and the normal volume indicator and they all give out the same figures.

Hope this helps

Blu-Ray
Very nice. Thank you very much for looking into this.

James
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LinkBack to this Thread: http://www.traderslaboratory.com/forums/f46/up-down-volume-indicator-1152.html
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Forums - Why do people use Volume, Range and Tic charts? This thread Refback 10-30-2007 11:45 PM
Forums - Why do people use Volume, Range and Tic charts? This thread Refback 10-30-2007 11:16 PM
Forums - Why do people use Volume, Range and Tic charts? This thread Refback 10-30-2007 05:33 PM
Forums - Why do people use Volume, Range and Tic charts? This thread Refback 10-30-2007 02:54 PM
Forums - Why do people use Volume, Range and Tic charts? This thread Refback 10-30-2007 02:21 PM
Forums - Why do people use Volume, Range and Tic charts? This thread Refback 10-30-2007 02:17 PM
Forums - Why do people use Volume, Range and Tic charts? This thread Refback 10-30-2007 02:16 PM
Traders Laboratory This thread Refback 02-04-2007 06:09 AM


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