walterw

king: if you are using TS you can find them at the indicators forum...

Ant, I am quite impressed with your stats... is it possible to get some other stats from this database you are working with like per example: how many times when opening inside value did we fade the first test of a vah or val per x points .... something like that.... would be cool to have some stats of this kind... if its possible.... cheers Walter.

nice coil break king ¡¡ straight forward aproach... you may want to try Volume delta on that 60 tick chart instead of volume... it will give you that same volume histogram plus whats happening on the bid and ask.... give it a try an see if you can get even better confirmation to get that beautifull continuation... good trading king .... cheers Walter.

Yes adweb, what willd tells you its just about the most reliable method... I do daytrading myself and it works similar, taking the break it self can hurt you, there is a high % probability of pullback to the breaking level, after that a continuation would make it less riskier... cheers Walter.

Sounds interesting... could you post a chart example with a brief explanation of what you are looking for ? what wold be the exact entry criteria.... cheers Walter.

Correct, dont rely on this indicator by itself.... it has to be blended to a key area strategy... otherwise its just useles... cheers Walter.

Ok, here it is... the Delta Ttm Divergence indicator.... it will plot a red cross on top of bar high when we have a bearish divergence between TTm trend and Volume Delta.... as well as oposite bullish divergence.... this will be at the end of the current bar... so it will not give false signals.... enjoy cheers Walter. DELTA TTM DIV.ELD

On the coding forum I did present the Volume Delta Cumulative... its something new I am experimenting on... there are multiple aplications to this indicator.... one I found today and sharing the spirit of failed Breakouts presented by Soul is how this indicator during the false break he did not validate the break... as you all know I do work on small time frames, that doesnt mean you can not apply this to a higher time frame, I attach an example today of how on this very range bound market there was so clear opportunities to get clearly in... I did papertrade... and must say it was a confortable experience... cheers Walter.

Ok, on this coding thread I have a variation of Volume Delta Oscillator that brings a very interesting new perspective in all this Delta aproach... this is the Volume Delta Cumulative... What it does is that it takes the delta diference of each bar (like raw VDO does) and we make a summation of the x prefixed periods back... so we add or substract in this last bar to the latest summation value we got of the delta.... so far I have been able to code for a prefixed amount of bars, I would need help from TL fellow coders to be able to make an alternative formula that will make the sumation from the first bar of the session until the current last one... There is a Video I would suggest looking, quite interesting, even for forex traders that "suffer" the lack of volume information... wich brings some light on this cumulative issue and its advantages an uses, thought their formula its not exactly what we are after... the concepts within are very nice in terms of cumulative delta... Buy Sell Pressure (please pay attention to the Forex Cumulative tick indicator) our Volume Delta Cumulative would look very similar if we can make it sum from the first bar of the session... in terms of aplications I will make a post on the delta thread.... cheers Walter. pD: default inputs had been made for very small timeframe (22T on er).... for a 110T russel chart you should put a 10-5 input aprox... VOLUME DELTA CUMULATIVE.ELD

Yes Soul ¡¡¡ can you believe we are working on the same argument ¡¡ thought I am visualizing on smaller time frame AND.... new Delta stuff... I share soon... cheers Walter.

at the end of today session I will share some nice and "Incredible" trades I did papertrade today experimenting a new delta indicator.... a variant of VDO... surprisingly nice way to see this horrible choppy thing... cheers Walter.

Tingull : That is a huge coil break ¡¡¡

Yes notouch, its some how true what you say, I am working in a strategy that will capitalize on range conditions too.... it will use delta as the mainframe aproach... thought you need a lot of experience in the market for "timing" and thats what scares out most traders... cheers Walter.

yes, great post Soul, here in Argentina we are in summer, so I take a deep on the pool... lol Walter.

Ok, I am going to explain very brief how the Volume Delta Oscillator works... If you look on a chart at both Volume Delta (VD) and Volume Delta Oscillator (VDO) and if you put the settings on the VDO at 1-1-1-2-1-1-100 then you will have a "raw" VDO... the VDO refers to an aditional information that the VD doesnt show so clearly... lets say for example you got on VD a green histogram on top, ok... but whats the size of that green vs the red part of the histogram, what is the diference.... lets say you got a histogram of 100 contracts and 80 where green and 20 where red... well thats quite bullish... would not be the same if 55 where green and 45 red... so here comes the VDO... it will measure the difference of the green vs the red on the histogram... it will show the "degrees" of Buying and selling going on... what I love to see here its that we are not only taking into acount delta but also volume itself... the oscillator is going to show the intensity or commitment of volume into a buy or sell move... so we know "HOW MUCH" and from "WICH SIDE" .... now the raw parameters on the VDO its just to take a look how he works on taking the differences of green vs red on VD histogram... its a nice excercise to understand how the indicator works... now a raw parameter I find it useless, it negates the cyclical factor of the market... so if we put some higher inputs to the VDO, we will take into acount what happened in the X previous period as to the money flow of the market... this can be very usefull to see in a very clear way again the true flow of money from a volume and delta point off view.... I attach both examples raw and with parameter 1-3-2-2-8-3-6 in Russell 110 t chart... about aplications, well there is a lot to be said... cheers Walter.

I was familiar with this indicator some years ago, would love to know in that chart you attached, where would you place your trades..."strategy"... I understand this indicator has some cyclical value too... its a very clean oscilator... cheers Walter.

I dont know if you plan to share your formula, but we can code it to TS... cheers Walter.

Thats not a problem Pivot, I think you got something very nice to share and its very valuable information, maybe it would be nice if you could open a new thread on this very specific topic arround vsa... it sounds to me a Wickoff type off aproach.... do you know if there are indicators on this aproach for TS... ? I encourage you to keep sharing this very nice information on Volume... I think, maybe I am wrong, that this thread would be only on deltas.... but please keep sharing, very good stuff yours, cheers Walter.

Pivot : can you explain how your software distinguish wich trades were made at the bid and wich at the ask.. ? we are looking for delta... bid/ask volume analisis, thats our mision on this thread... cheers Walter.

Yes Soul, we found out that this indicator is better and more reliable than we thought... it actually uses volume data and not tick data, so we should even change the indicators name from Tick Delta to Volume Delta if you wish ... cheers Walter.

Blue Ray : they do swap intrabar, if you want the real thing confirmed , maybe you want to disabble the "update value intrabar" so you will not get fooled on the last still active bar.... or do update intrabar BUT pay only atention when you are 1/4 th amount of ticks left to finish bar... (ie 233t at 58t left on bar )... seems we agree that we got some sort of real Volume breakdown here... and not tick delta.... cheers Walter.

Ok guys, I think we all need to understand what our formulas are all about and I even have my doubts about how they are really working in terms of ticks or volume delta really... First of all Tick Delta and Blue ray up /down volume are the same formula, same data in consideration, the only diference is that tick delta will show on the top of the histogram the most traded one... its just diferent visual of the same thing.... Now what is the tick delta showing ?... well its a simple volume histogram, same as volume indicator...(its taking into acount volume data) if you put your volume indicator below tick delta you will find that both look exactly the same... the diference is that tick delta is asigning (up or down ticks) to x volume... and here is my great question.... we are dealing with volume information here and not tick information... if the histogram would only consider up/dn ticks without distinguishing volume... every histogram bar would end ( lets say in a 233t chart) with 233 reading... So I really have my doubts if we are dealing here with a tick delta or if we are actually making some sort of volume breakdown.... I attach an example.... cheers Walter.

Hi Tingull, how do you establish this extreme levels ? thanks Walter.

oh yes I lived that, thanks God I had money offshore, some of my friends with sales bussiness went broke due to the "corralito".... now we are much better, Argentina is growing pretty well , the only "cuco" its a possible high inflation in domestic prices... cheers Walter.

Demand at S3.... there is plenty contracts for every one...