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Soultrader

Collaboration to design a new indicator?

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I am interested in building an indicator based off a time of sales and tick chart. The basic concept is this: I want an easier way to read the tape and to watch for supply vs demand.

 

What I want is an indicator that plots a histogram of the difference between the number of contracts at the ask vs the number of contracts at the bid. I want this difference taken from a tick chart of choice.

 

For example: If the tick chart settings were set to 233 tick chart, the histogram will plot the difference between the number of contracts at the ask minus the number of contracts at the bid off one 233 tick bar.

 

The parameters for the tick chart settings can be changed to whatever.

 

If anyone can help me with this it would be appreciated. I have no knowledge of EL or coding. Thanks

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Soul I know it is possible and I even have one, i will post it when I find it, but it will work only on real time data, it doesnt look on historical data... on the other side I believe it calculates on up/dn ticks and not real bid ask volume on TS... Linnsoft its about the only soft that has reliable performance on this type of data until now... and has the abilty to recalculate historical data and plot it... maybe the most near competitor its topgunsoftware thought their aproach is quite diferent... cheers Walter.

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Hi, you could try it realtime with

 

inputs: 
UpColor(green), 
DownColor(red); 

variables: 

MyVol(0), 
Color(yellow), 
intrabarpersist MyCurrentBar(0), 
intrabarpersist VolumeAtBid(0), 
intrabarpersist VolumeAtAsk(0), 
intrabarpersist BAVolDiff(0), 
intrabarpersist VolTmp(0); 

if LastBarOnChart then begin 
  	MyVol = Iff(BarType < 2, Ticks, Volume); 
if CurrentBar > MyCurrentBar then begin 
	VolumeAtBid = 0; 
	VolumeAtAsk = 0; 
	BAVolDiff= 0; 
	VolTmp = 0; 
	MyCurrentBar = CurrentBar; 
end; 
if InsideBid < InsideAsk then begin 
	if Close <= InsideBid then 
		VolumeAtBid = VolumeAtBid + MyVol - VolTmp 
	else if Close >= InsideAsk then 
		VolumeAtAsk = VolumeAtAsk + MyVol - VolTmp ;  
	end; 
if VolumeAtBid > 0 and VolumeAtAsk > 0 then	BAVolDiff= VolumeAtAsk-VolumeAtBid ; 
VolTmp = MyVol ; 
end ; 
if BAVolDiff<= 0 then color = DownColor else color = UpColor; 

plot1(BAVolDiff, "BAVolDiff", color); 
Plot2( 0, "ZeroLine" ) ; 

 

Make sure that you use Trade Volume on Format Symbol.

 

Regards

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Here is a radarscreen one called "Tug of war". It shows who is in control, buyers or sellers. It does multi time intervals as well.

 

[LegacyColorValue = true]; 

{_SMAA_TugOfWar  }

{***************************************

Written by: Hondo

Description: For Intra Day Use Only

****************************************}


{Modifying Programmer:  Avery T. Horton, Jr.  aka TheRumpledOne, 
gifts and donation accepted, PO Box 43575, Tucson, AZ 85733 }

{ © Copyright 2006 Avery T. Horton, Jr.}



Inputs: 

iDecimals(2); 

VARIABLES: 

Last_Close ( 0 ) ;

variables: 

xTug(0),   

xPeriods(60),
xInterval(0),

sFirstPass(true),

xMRO( 0 ),
xIndMin( 0 ),
xIndAvg( 0 ),
xInd(0),
tInd(""),


FG1(white),
BG1(black),

fg2(white),
bg2(black),

fg3(white),
bg3(black),

fg4(white),
bg4(black),

vdummy("");


{commentary variables}
variables: 
xcomm(0),
oComm1( "" ), 	
oComm2( "" ), 	
oComm3( "" ), 	
oComm4( "" ), 	
oComm5( "" ),
oComm6( "" ),
oComm7( "" ),
oComm8( "" ),
oComm9( "" ), 	
oComm10( "" ); 



{first time through}

if sFirstPass
then begin

sFirstPass = false;

{bar test}

If bartype = 4
then xInterval = 94
else
If bartype = 3
then xInterval = 93
else
If bartype = 2
then xInterval = 92
else
If bartype = 1
then begin
xInterval = BarInterval;
end; { If bartype = 1  }

end; {if sFirstPass}


{ INITIALIZE }

tInd = "";

FG1 = WHITE;
BG1 = BLACK;

fg2 = WHITE;
bg2 = BLACK;

fg3 = WHITE;
bg3 = BLACK;

fg4 = WHITE;
bg4 = BLACK;


{ PROCESSING }


{ calculations }

if bartype  <> 1
then tInd = "error - intraday interval only" ;


if Last_Close <> Close or 
BarStatus(1) = 2 
then begin 
// Calcs, Plots, Buy/Sells go here 

{Tug of War}

Value1 =((HighD(1)-LowD(1))+(HighD(2)-LowD(2))+(HighD(3)-LowD(3))+(HighD(4)-LowD(4))+(HighD(5)-LowD(5)))/5;
Value2 =(HighD(0) - Value1);
Value3 =(LowD(0) + Value1);

value5 = Value3 - Value2 ;

if value5 <> 0 
then xTug = ( Close - Value2 ) / value5
else xTug = xTug[1] ; 

end ; // update only on price change of last tick of bar 

Last_Close = Close ; 

{ Alert criteria }

xInd = xTug ;

If xInd > xInd[1]
then begin
Fg1 = green;
Bg1 = BLACK;
end
else
If xInd < xInd[1]
then begin
Fg1 = red;
Bg1 = BLACK;
end
else
begin
Fg1 = white;
Bg1 = BLACK;
end;


If xInd > .50
then begin
tInd = "Buyers Winning" ;
Fg2 = green;
Bg2 = BLACK;
end
else
If xInd < .50
then begin
tInd = "Sellers Winning" ;
Fg2 = red;
Bg2 = BLACK;
end
else begin	
tInd = "Draw" ;
Fg2 = white;
Bg2 = BLACK;
end;

Plot1( xTug , "Tug of War", fg1 ) ;
SetPlotBGColor( 1, bg1);


Plot2(tInd, "Message", fg2 ) ;
SetPlotBGColor( 2, bg2);




{

Plot3( oSlowK, "oSlowK", fg3 ) ;
SetPlotBGColor( 3, bg3);


Plot4( oSlowD, "oSlowD", fg4 ) ;
SetPlotBGColor( 4, bg4);
} 


xComm = _fCommentary(oComm1, oComm2, oComm3, oComm4, oComm5, oComm6, oComm7, oComm8, oComm9, oComm10);

CommentaryCl(oComm1 );

CommentaryCl(oComm2 );
CommentaryCl(oComm3 );
CommentaryCl(oComm4 );
CommentaryCl(oComm5 );
CommentaryCl(oComm6 );
CommentaryCl(oComm7 );
CommentaryCl(oComm8 );
CommentaryCl(oComm9 );
CommentaryCl(oComm10 );


CommentaryCl( " Tug Of War ", NumToStr(xInd, iDecimals) );

tug.gif.bf1f8de29861ff232907aeafe01d3c60.gif

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Ok heres the indicator... thanks for the chart Tin. Apparently its called the volume breakdown indicator. Does anyone know if this exits for TS? Thanks

 

 

I have something like that, I'll post a screen shot of it in action and you tell me if that is what you are looking for.

 

it even plots an average of volume but you can take it out if yuo don't like it.

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Sure I would like to take a look. Insideday made an indicator posted on page 1 of this thread which is pretty much what I wanted. I'll post a snapshot of that tomorrow after the close since it only works in real time. Thanks

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Sure I would like to take a look. Insideday made an indicator posted on page 1 of this thread which is pretty much what I wanted. I'll post a snapshot of that tomorrow after the close since it only works in real time. Thanks

 

 

Are you saying there is an Easy Language programmer here???

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Here is TRO's version (automatic floor pivots) with a radar trade indicator. The radar indicator should be set on 15 min time interval. It's a football analogy to trading. On the radar screen, Trade tells you when the alert hits, Possession is who has the ball (who is in control), TOP is the time of possession and Ball On is where the price is on a 100 yard field. Both are included in the eld.

gridiron.thumb.gif.4666f0e1aa80036682f1258efba1b2df.gif

gridiron1.thumb.gif.c0a4512688bef0ddff0a617107b72873.gif

gridirontrade.gif.01584fd31a3b730d06802ba2af76a732.gif

GRIDIRONANDTRADEINDICATOR.ELD

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Soul, I couldnt find the indicator I promissed, its just about the same posted at beggining.... sorry for that.

 

I still dont know if the delta that ts creates really can be trusted... I understand that ts data uses for bid and ask values the up/ dn ticks... soul you should double check this factor because if this is true the delta that this indicator creates its not that much reliable... cheers Walter.

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Sure I would like to take a look. Insideday made an indicator posted on page 1 of this thread which is pretty much what I wanted. I'll post a snapshot of that tomorrow after the close since it only works in real time. Thanks

 

 

I have no clue where to find the actual ELD file to upload and I have no clue how to do that either.

5aa70dc37fb15_tickvol.thumb.jpg.7e9b3e74e9f6150ff1aadf33b43dfdc7.jpg

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wsam29,

 

If you are sure that it is not an indicator that you paid for, do this:

 

1. Open TradeStation

2. Select the File | Import/Export EasyLanguage ... menu

3. Select Export EasyLanguage Documents file (ELD). Click Next.

4. In the Export Wizard Select All Techniques

5. Then select the TTM Tick Volume Indicator. Click on the > button.

6. Click Next.

7. Type in C:\TTM-Bid-Ask-Bars as the File Name

8. Click Finish

 

You will now have the TTM-Bid-Ask-Bars.eld file in C:\

 

Upload it.

1.PNG.bc3de687fc942609cd898b2f5b3191d2.PNG

2.PNG.c4a7f5d5e96ee4b520941d091b9a0b9f.PNG

3.PNG.e0aa4661bb2119d018761fb355efdd30.PNG

4.PNG.95ff89b4ad2be4384d95b703e4b20c99.PNG

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yeap, ttm tick volume, its free to public, its been given freely by tradethemarkets.com to their members , but originally was developed by waynechem from tradestation forum, the original name of the indicator is WAV_VOL_3 you can see here his thread and the indicator link https://www.tradestation.com/discussions/Topic.aspx?Result=1&Topic_ID=42531 the indicator looks very good, and does work on historical data... it is based on up/dn ticks... so it would be a Delta from ticks... I attach the indicator, Enjoy cheers, Walter.

20050830200518WAV_VOL_3.ELD

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