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Showing results for tags 'volume'.
Found 33 results
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Short video on a short setup using Fibs, Volume Delta, and pivot breaks. For those who are not familiar with volume delta, it is an indicator for TS developed by walterw. It plots the number of contracts bought at the ask versus the number of contracts sold at the bid and plots the greater of the two on top. I have developed a way to visually identify turning points by using a color divergence between the Heikin Ashii Trend and Volume Delta at key price levels. Basically, if the Heikin Ashii Trend indicator is blue but the Volume Delta shows more selleres, a red dot will appear on top of the price bar. Vice versa for red Heikin Ashii bars. CLICK HERE TO VIEW VIDEO Charts created by Tradestation Presented by Traders Laboratory
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I want to dedicate this thread to a study of Volume Delta. Delta is still a relatively new study to me so please add your input freely. Quick Intro to Volume Indicators Below is a list of TS indicators created by the members of the forum: 1. Volume Delta created by Walterw 2. Volume Delta Oscillator created by Walterw 3. Up/Down Volume Indicator created by Blu-Ray 4. Market Delta Footprint created by Ant 5. Bid-Ask Tape Indicator created by Insideday The indicators above show an interesting way of viewing bid vs ask per price bar. Instead of just a simple volume histogram, it shows whether the buyers or sellers are in control and can be very useful in analyzing supply vs demand as price approaches a key pivot or support and resistance level. I am currently using the Volume Delta created by Walterw, so I will be referring to it for my charts. What I want to accomplish is to design new strategies based on delta. Perhaps combining other tools to help decide turning points in the market and to create filter/rules for each delta based setup. I will be looking forward to various inputs from traders. My setups and strategies are still in the beta phase where I am still testing out different methods. But I would like to go over one observation I found interesting. It is a combination of the TTM Heikin-Ashi Indicator and the Volume Delta. I am interested in price behavior as it reaches a key pivot such as daily pivots, previous day low/high, 50% fib retracement, VAL, VAH, and POC. Let's take a look at the first example. The chart below uses a 50-61.8% fibonacci retracement clustered up with a daily pivot (PP). In combination with the fibs and PP, I am interested in using delta to further help me enter a position. The example shows a color divergence between the TTM Heikin-Ashi and Volume Delta. Notice the blue TTM vs a red on top Volume Delta. This shows price advancement but with seller dominance. The second example below from Jan. 31st, 2007 requires further analysis. Its a fairly interesting chart with a combination of delta and volume analysis. Notice the first group of arrows. This shows the first half hour of choppy trading using the Value high pivot as support. Notice the several TTM and Volume Delta color divergence. Next, notice the increase in volume with the uptrend showing confirmation. The pullback occurs on less volume. Also notice the TTM and Volume Delta color divergence as price pulls back. Then an increase in volume again for a continuation of the rally. Very interesting examples of Volume Delta in action. I understand that some of you use Oscillators for Delta to look for divergences. Please add your input on this. My aim here is to really dig deeper into Delta and how we can all design trading setups that will put the odds in our favor. Thanks
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Here is the oscillator version of the Volume Delta created by Walterw. It shows the flow of the Volume Delta very nicely. If you like them oscillators and price divergences, this one is for you. All credits go out to Walterw for creating this indicator. Screenshot is attached. VOLUME DELTA OSC.ELD
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This is an interesting indicator created by Walterw. The Volume Delta plots the number up volume (green) and number of down volume (red) with the larger of the two always on top. This is a very useful visual tool to judge buyers vs sellers per bar. All credits go out to Walterw for the TICK Delta. Also check out the oscillator version of this indicator. Screenshots are attached. VOLUME DELTA.ELD
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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 UpDownInd.bmp UPDOWNINDICATOR.ELD
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I am interested in the most effective anlysis styles not using volume. My understanding is not all are in belief that volume moves price. So without volume and just using price what are some amalysis methods that may provide what volume could help provide?
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This indicator is based off of Dr. Alexander's famous book, "Trading For A Living." Known as the force index, it was written by the Tradestation community. (description provided by Torero) Volume * (Close - Close[1]) This is similar to momentum indicator except it adds volume as an equal importance. Basically, the difference of the close of yesterday (or bar) and the close of today multiply by today's volume (interchange day to bar or vice versa). So the movement of the price with that volume tells how much impact volume had in moving price bar to bar. The bigger the movement, the higher reading the indicator will show, provided the volume remains the same. If the close stagnates, the indicators will show a small reading. The divergence happens when either volume dries up while the price is moving in a steady pace or price difference was miniscule while volume remains the same. Screenshots FORCE-INDEX.ELD
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Hello, My name is trading4life. I just joined this forum.
