walterw

flatwallet : it is a good indicator, we made some adjustments and called volume delta ... it works very good and must be used together with other technical tools. cheers Walter.

Soul : I would love if you could teach us , maybe on other new thread how you keep (calculate) this %trend data... I believe you have very powerfull statistic there... thanks in advance cheers Walter.

I think we got into some wrong semantics here.... when I mean "market climate" I mean understanding (right now)if we are on "cycle" or "trending" conditions... if you cant determine in wich of this two conditions we are at, you got to seriously do some homework... this is a basic skill for any trader... I dont say I got the cristal ball and can tell you all whats gona happen today... NO... I can tell you in this precise moment what "market climate" I am in.... and with this information I can say : I take cycle trades, I take trend trades, I take reversal trades... thats what I mean... now coming back to the thread question... HOW Can I determine a trending day.... we old traders KNOW if today the big boys are working.... and we can smell their dollars flowing on the first half hour and giving MOMENTUM to the market, so we can statistically say, today we are gona have trend moves... now we old traders also detect when the big boys arent there.... first half hour makes me yawn and yawn and yawn.... o my lord this market doesnt start... so here again we can asume statisticaly that we are gona have a congestion small range day... what can happen inside day... many things, we will detect that, per example this days some times are like resurection day... all of a sudden volume comes in and boom trend takes off... but previously on the cycle condition you clearly detected, was the frame for cycle trades... now as market wakes up (example) now we have a frame for trend trades.... you see that is a skill you need to develop.... cant go to the market in such an imposible interpretation... in not that dificult, you need to hear the market, feel it.... its like a river.. can be calm on dry season, goes wild after a big rain on the up hill... if you are closed to understand this fact... lol, you will have to learn it the hard way.... cheers Walter.

Bear : we did explain the HOW , just read on previous posts.... you got a be good interpreting the first 15 - 30 min... cheers Walter.

This indicator its called "Time per Bar" .... you will need to first copy the getmachinetime dll into tradestation program folder... so you can have seconds taken into acct on the calculation.... on historical data he will only take minutes into acct, the real time data will be on seconds... when you get long histograms means it took more time to build the bar (weakness), true is oposite, hope this can help.... cheers Walter. TIME PER BAR.ELD GetMachineTime.zip

OK now that I can clearly have a visual time weight of VBC I start too look at them with more respect and love... I attach an example of how after a super long time hammer formation we got a nice, very nice move... there is a lot to study on this... thanks to all for keep adding to this interactive volume research¡¡ cheers Walter.

I did test a little today this time per bar indicator... looks pretty decent.... cheers Walter.

Brown : epistemologically "bullet proof" would be wrong to say... no trader can tell 100% the market climate... but for example in this very moment march 21 12:35 est what is the market climate... you can ask my doughter, she is 11 years old and will tell you : "papi el mercado esta muerto" ("daddy market is dead") so.... we are on cycle conditions... you see, there are reasons, big boys are not there... they are waiting fed numbers... so that gave me today a couple of cycle trades and made me almost three argentinean standard salaries... thats what we refer to "market climate"... in an hour and a half we will have a diferent climate.... probably trending.... so if I go with my cycle trade... I will get mowed... what can I do then... trade trend trades, buy bips, sell rallys.... just common sense Brown, and experience... cheers Walter.

lol Brown... but I got a nice lifestyle... I repeat, it is possible, its about wisdom, faith and experience... market its like women... you have to live with one to real understand how they think.... cheers Walter.

yes Robert it will clearly show the weight that vbc its looking for.... time

Robert: you may want to put a volume histogram on a time based candles chart... you will see the diference, every time candle has a diferent volume weight.... on vbc every candle has the same volume, no weight there, so they have to rely on time weight per candle to determine volume analisis... I find more easy to measure volume histograms per time based candles, its more visual... but remember volume analisis its nothing more than wheight analisis of price action.... so if you have a hammer on a 1500v there is the same weight from candle to candle,doesnt mean nothing by itself.... no weight analisis, the only weight there is the time it took to build that hammer... so again we have time.... from one other perspective... cheers Walter.

dupaski : it depends on your financial goals... es is the big 747, huge volume, small range, ym is a 737, medium term, russell is a learjet, small volume compared to es and hell of volatilty.... In my case I did trade russell for years, now since I am on TL got to love ym because still has a decent range and its not so volatil like russell... also ym has a better internals response so.... depends on your trading style and also financial objectives... per example I never traded more than 30 contracts on russell, you may trade 200 without any problem on es.... so... thats about it.... cheers Walter.

trader273: market has "climates" like rainy or sunny days.... you as a trader may develop strategies to trade on rainy days (cycle days) or sunny days (trending days).... so if you have the habilty to determine what kind of day you are at, then you can choose wich strategy will fit best for that day... now trending days doesnt mean you are going to hold into a position all day....(as you wrote) it means maybe its not a good day to be contrarian as sweet happenns on a cycle day.... you may want to buy dips or sell rallys on trending days... you see, there is a great arsenal of tools to understand just "market climate" it has nothing to do with timing your trades... its just climate analisis.... on the other hand you must have another set of tools for your timing... already stated for the apropiate climate.... trading has diferent areas of analisis that coexist simultaneously... thats why so many people struggle on this bussiness, they are only one area of analisis and they lack some big basic aerial views of where they are situated.... hope this helps cheers Walter.

Brown : there are very easy methods to know if today there are big institutional orders.... (wich is the only way market can trend) volume, speed, dynamics, internals, etc... you can clearly see when the big boys are anxios to position them selfs in the market... it takes experience... but its posible... no doubt...

ckait : I like to see the overnight globex range being broken on the first 15 min with nice decent volume an see my dom crazy.... that means we are gona party today right on the begining.... if you get a lazy zzzzzzz first 15 min THEN it doesnt mean we are not gona have trending day.... it means first we are gona have a super coil.... maybe hour two hours and then at the break you want to pay attention... that was todays case... and the last is the days with news... sometimes market waits for the news in an erratic fashion and the news ( not always, depends what type of news and output of numbers ) bum trending starts.... after lots screentime this is an expontaneous reading.... but something more or less like is is how this works... cheers Walter.

Tin : I would love to hear about it....I think you had evolved very nice on volume aproach, If you can share some would be very apreciated... (maybe some new thread) cheers Walter.

januson : you need to work on a trading plan... I dont see any clear plan there.... your trading plan should respond to a clear and sound argument, once you decide wich argument you stick to, you need to find the best timing tools that fit your stile... you keep trading like that and will only add unecesary frustration and psicological drain... cheers Walter.

Ok, here it goes, the indicator its called "Time per Bar" .... you will need to first copy the getmachinetime dll into tradestation program folder... so you can have seconds taken into acct on the calculation.... on historical data he will only take minutes into acct, the real time data will be on seconds... when you get long histograms means it took more time to build the bar (weakness), true is oposite, hope this can help to identify better what you are looking at.... cheers Walter. GetMachineTime.zip TIME PER BAR.ELD

Correct Brown, you see there you are aplying weight to TIME on your aproach, wich is fine and it would at the end discount a volume analisis, what happens is that you dont have that much visual aid to measure this time from an indicator "visual screen" point of view.... I think I have an indicator you may like.... it measures in histogram format how much time took to build a bar.... maybe that will give a better visual of what you are doing.... said so you are having weight and we may say you are doing volume analisis.... cheers Walter.

Brown : I know you are very enthusiastic about volume based candles, now you should understand that there is a contradiction towards volume analisis on that graphic aplication.... you see, you are just making an equal sum of equal amount of activity to each and every bar... so said: each bar has the same volume weight, same activity weight... so ironically when you give a same wheight to a bar you literally anulate any volume analisis on your chart... you only have the price action left on the chart.... "you may say I have a 1500v hammer", well yes, but the previous bar was also a 1500 v bar and next one a 1500v bar... you see... volume based candles are that... its really not volume analisis... maybe they share some word on the name, but true volume analisis must be able to measure from bar to bar diferent "weight" of volume... other wise stated, its not volume analisis... I think the original vsa concepts are the most clear volume analisis concepts, where in a given bar : how much volume "weight" there was, and what range there was, and where did he close ?.... you see on volume based bars you cant do that weight.... thats only an input wanted to add to all this, thought I believe TRUE volume analisis its about weight of a bar in a given context cheers Walter.

A small curious question to Pivot, do you still look at vsa ? that chart there at that "logic stop" doesnt look like a nice retest on smaller volume ? cheers Walter.

Mr Paul I would like to learn how I can take does global numbers and from where..... thanks Walter.

tradinghumble: would like to know what time frame are your charts and what are your indicators settings.... cheers Walter.

Hi Soul, I am curious, what did you mean when you sayed "volume dryed out here " I understand each and every bar stand for the same amount of contracts.... did you have other criteria there to determine there was less volume there ?:rolleyes: or at the last part... "low volume".. thanks Walter.

yeap.... we can make an awesome backtest of some techniches¡¡¡¡ that will be a great thing.... cheers Walter.