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Showing results for tags 'volume'.
Found 33 results
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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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I have a radarscreen with various symbols, all with a 5 minute interval. i want to add an indicator to display the Average Daily Volume for the last 20 days. how can i access historical daily volume in easylanguage?
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Video on a trade setup using basic VSA and market profile concepts. Once again, I would like to emphasize how I use market profile concept to create a directional bias and using technical setups to find entry points. CLICK HERE TO VIEW VIDEO Further explanation can be found here.
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On this thread I want to show how I have been playing with the "Tick Time Box"... I believe it has some potencial if you like to take into acct volume on your trading... I first attach an image of a retest with smaller volume... the second image shows a big volume move with a small volume pullback followed by continuation.... there is much more... will keep adding.
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This is a very interesting Paint bar study made by TS.... it will plot yellow bars on more volume related to bar range and red to smaller volume relative to range... orange is a midle point... I use it on a 2 min chart and it reveals very nice setups... specially vsa retest type setups, will make another thread on that.... enjoy cheers Walter. VOLUME GRADIENT.ELD
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Since the the tumble of the indexes we are experiencing higher volatility and higher volume. The question is: Should traders consider the current volume as the norm? For example, today's rally on the YM occurs on a lower volume bar compared to the last 5 trading sessions. HOWEVER, this volume bar is well above average comparing the volume bars for the past few months. How would you view this?
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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 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?
