Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

carltonp

Trade Volume Index Reviews

Recommended Posts

Hello Traders

 

I'm in the process of commissioning the development of an indicator called the Trade Volume Index. I've read much about it but I haven't come across anyone that has used it in a live environment.

 

I was wondering if any of you traders have heard of it, or better still used it with any success?

 

Cheers

 

Carlton

Share this post


Link to post
Share on other sites

Carlton can you give a basic description on the Trade Volume index.

 

Are you using bid/ask or uptick/downtick volume?

Are you using Intraday or EOD data?

Are you creating this for the index market like the sp500?

(so will you be taking into account the volume for the 500 stock that make up the index)

 

David

Share this post


Link to post
Share on other sites

Hi David,

 

Thanks for responding. The following Is the best description of the Trade Volume Index.

 

I have also included a link to the site that the developer of the index is using to compile the index for me. BTW, he is charging $125.

 

 

The trade volume index is used primarily by day trading professionals.* This is because active traders are most concerned with how stocks perform at key levels and have to make swift decisions.* Long-term investors are less concerned with intraday data and focus their attention on how a stock closes at the end of the day.

 

How to use the Trade Volume Index

 

The TVI shows its predictive power when assessing a stock that is flat lining at a particular level.* How many times have you been watching a stock at a particular level and wonder whether it has the juice to get through a certain level.* The trade volume index will peel back the onion and show you what traders are doing.* For example, if you want to buy a stock on a break of $100, and it has been flat lining for 2 hours, you may hesitate on pulling the trigger due to the flatness in the market before the breakout.* However, if you see that the TVI has been rising over this 2-hour period, it is a sign that traders are accumulating the stock at the ask price, thus increasing the odds that the stock will have legs when it clears resistance.

 

How to Calculate the TVI

 

The trade volume index is calculated by using the following formula

 

MTV = Minimum Tick Value

 

Change = Price minus the extreme price since direction changed

 

If Change is greater than MTV, then Direction = Accumulate

 

If Change is less than MTV, then Direction = Distribute

 

If Change is less than or equal to MTV and Change is greater than or equal to MTV, then Direction = Last Direction

 

Lastly, we must calculate the TVI, which is simple once you know the Direction.

 

If Direction is Accumulate, then TVI = previous TVI + Volume

 

If Direction is Distribute, then TVI = previous TVI – Volume

 

*Cheers

Share this post


Link to post
Share on other sites

Carlton I dont know if you have heard of market internals and "up/down volume" or

"advance/decline volume" for both the nyse and nasdaq?

 

 

Well I used a modified version of that indicator above but with 2 differences:

I track the whole 500 stocks that make up the Emini 500. Plus this is calculated

every few seconds using intraday price data.

 

 

quick definition of intraday volume:

"A Stock is considered advanced (volume) if it stock price moved up over a minute. No matter where the stock is in relation to the previous day close, if this stock moves up over a minute it is considered as advanced stock (volume)."

 

 

The TVI looks simliar to what I am doing in that I am looking at accumulated volume

be it negative or positive during each trading session. As an example, you see a double bottom pattern intraday on the Emini 500, you can use the accumulated volume to spot divergance. (see if accumulted volume has formed a double bottom or better still a higher lower.)

 

 

I have attached an image of up/down volume for friday Emini 500 trading session.

This looks or shows the difference between positive and negative volume for the whole sp500 stocks. The image shows 2.30pm London time which is 9.30 EST and 9pm London time which is 4pm EST.

5aa7108c5280b_ES_080711up_downvolume.thumb.JPG.ca9347d6d5e3c3d01cd8bb8cb5b5e718.JPG

Edited by david22
graph timezone data added

Share this post


Link to post
Share on other sites

David,

 

Thanks for that mate.

 

I have a fair understanding of market internals.

 

How does the indicator track all 500 stocks of the S&P?

 

Does it account for bid/ask?

 

What is the name of the indicator?

 

 

Cheers

Share this post


Link to post
Share on other sites

Carlton firstly my data is based on uptick/downtick data and not bid/ask

data. But this can easily be done using software like neoticker if you require

more accuracy down to the tick level.

 

I look at the bar on close price every 20 seconds for a stock and compare it to the prior

close to determine if its an uptick or downtick. eg. 9.50 am, xyz stock is at the price level $8.51, twenty seconds later the the price level is $8.53, so thats classed as an uptick.

So I take into account the volume for that period being positive and then add it to an accumulated total which runs throughout the trading session.

 

I basically do this for the whole 500 stocks thats represent the sp500, so it becomes

a simple case of totalling the updown/downtick volume for the whole basket.

 

This indicator doesnt have a name, its just a custom up/down volume indicator

as opposed to the standard nyse/nasdaq up/down volume indicator.

Edited by david22
spelling error

Share this post


Link to post
Share on other sites
Hi David,

 

Trade Volume Index.

 

I have also included a link to the site that the developer of the index is using to compile the index for me. BTW, he is charging $125.

 

Nice job and thanx, CarltonP. I tried 3-4 times to get the "thanx" button to post to your blog entry but no go, so I had to use this method. Again, thanx. TM :confused:

Share this post


Link to post
Share on other sites

"I have also included a link to the site that the developer of the index is using to compile the index for me. BTW, he is charging $125."

 

 

Carlton I dont see the web link you pasted in your posting regarding

the developer.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.