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

[Soultrader]

Thanks for this Blu-Ray. Great work!

[ryounkin]

Cool! Thanks

Buck

[Soultrader]

Hi Blu-Ray,

I have a request regarding the indicator. Is it possible to plot the greater of the two on top? For example, more selling volume would place the red on top of the green and vice versa. Thanks

[Blu-Ray]

James

Having looked a bit further into your request is seems that the TickDelta indicator by Walterw, is exactly what your after.

Although you may think that the TickDelta is just based on ticks, its based on the actual volume (having checked the easy language). I cross referenced the TickDelta, Up/Down Volume and the normal volume indicator and they all give out the same figures.

Hope this helps

Blu-Ray

[Soultrader]

Originally Posted by Blu-Ray »

James

Having looked a bit further into your request is seems that the TickDelta indicator by Walterw, is exactly what your after.

Although you may think that the TickDelta is just based on ticks, its based on the actual volume (having checked the easy language). I cross referenced the TickDelta, Up/Down Volume and the normal volume indicator and they all give out the same figures.

Hope this helps

Blu-Ray

Very nice. Thank you very much for looking into this.

James

[choicecap1]

Can anybody convert this study to work with ThinkorSwing?
Thanks,