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.

danhoyda

Volume Distribution

Recommended Posts

Hey guys I'm not sure what is wrong with my tradestation but when I go to plot the volume distribution under the activity bar it shows very strange information, I am not sure what to make of it. I have posted a pic below. Is there something wrong with how I plotted it?

5aa710cb951bb_problemwithvolumedistribution.thumb.jpg.10bd8fd75b22409f9642f96b275a0fed.jpg

Share this post


Link to post
Share on other sites
Hey guys I'm not sure what is wrong with my tradestation but when I go to plot the volume distribution under the activity bar it shows very strange information, I am not sure what to make of it. I have posted a pic below. Is there something wrong with how I plotted it?

 

I don't see what you're referring to. Are you talking about volume per bar, or volume at price? Either way it will be pretty useless or at least inaccurate for spot forex, which has no reliable volume information available.

Share this post


Link to post
Share on other sites

From what I understand, when you go to the activity bar in tradestation and plot the volume distribution, you are supposed to get a distribution on the left side of the screen. I'm not sure what is wrong with my tradestation because I get the picture you see on the screen. I am not sure what you mean about spot forex and it being useless. Can you elaborate. Thanks for the help

 

Dan

Share this post


Link to post
Share on other sites

Where is the data coming from? If you select @ES.D daily for symbol and apply Volume Distribution ActivityBar, you should get the chart. You will need the volume for the Volume Distribution chart. Same with the Price Distribution ActivityBar. You just need the price for the Price Distribution chart.

Share this post


Link to post
Share on other sites

hey tiger. I get the data from global server. I only get the forex so I don't have access to the ES. Also tradestation is working in offline mode. the data comes through quoteroom and globalserver and owndata (quotemanager).

 

Here is a picture of the price distribution and the volume distribution for the EURUSD.

 

Thanks for the help so far!

 

Dan

5aa710cbef6c8_priceandvolumedistribution.thumb.jpg.fde38a7e488c7fe8058179c41c9ff13e.jpg

Share this post


Link to post
Share on other sites

There is no central exchange for spot forex and so no volume. Its such a huge market it would be near on impossible to collate.

 

Foreign exchange market - Wikipedia, the free encyclopedia

 

The solutions I'd suggest are: (Although none of these will make your indicator work)

 

Use the currency future of your chosen pair for a ROUGH proxy.

 

Use a market profile style TPO count.

 

Or you could scrap the indicators altogether n trade on price action....

 

Stick two lines on your chart. Calculate day range (High-Low), then divide by 8.

 

Minus this figure from your day high and add this figure to you day low. Stick the lines here.

 

If price on a less noisy timescale (15 to 30 mins) fails to break the support or resistance short at the higher line / long at the lower line.

 

If price closes above them with decent momentum, go with the break out on the retrace of the next bar.

 

Place a fixed stop behind the day high for rotations (failed up or down moves) book profit when you like. Place a trailing stop behind the higher line on up breaks, behind the lower line on down breaks. Profit takes care of itself on these.

 

I'm not suggesting you'll become a millionaire from using this strat but you can have it free of charge.

 

Most of the stuff floating around the Web on trading is overcomplicated & convoluted BS anyhow.

 

Paper / Sim trade it for a bit n see how you get on.

 

VT

 

.

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

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

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