daedalus

I usually watch the ES, NQ, and ER2 simultaneously and in my experience there is not one "leading market" consistently. They will all take turns at leading a move, however it can become very apparent sometimes on which moves are gonna go for gold and which are going to fail based off the action and follow through of the other markets.

Great posts steve! The 200ema and 80ema's can be powerful support and resistance tools.

But sometimes the peak to peak will show a divergence whereas the trough to trough won't and vise versa. Is there a "normal" way that is preferred by most?

Holy god... i knew they made money but 989k in sales of FREE indicators and 1.2million in sales for subscriptions... that is ridiculous! Now back to volume analysis!

Thanks forsearch! Although, i think the wrong thing got turned off. I verified your code and I turned on the ma in your code (changing 0 to 1) but the base data that comes up is not the plot, but the MA. Hopefully this shows it, the one you posted is on the top, the stock one on the bottom. I'd like to keep the PLOT8 values from the bottom indicator and get rid of the MA. If that makes sense? Thanks again!

I really like this indicator as it can be very helpful for spotting divergences, however the MA overlayed on the indicator is bugging the hell out of me. It gets in the way of seeing the actual histogram. I've tried modifying the code myself to remove the MA but i'm just randomly deleting lines of code and re-verifying to see if it disappears. Can anyone help? Thanks!

Yea i've watched malcom's stuff before, thanks for that. I think the Tick Delta has confused everyone on my actual question. Lets pretend that the tick delta indicator in my examples were just a normal volume histogram (thats what i'm using it as in these examples) how should I be interpreting the various divergence patterns? Where should I be measuring volume from? Any ideas guys? Because in my examples i'm not really using it in a normal VSA move because i've been looking more on a macro scale of swing to swing rather than bar to bar, which is why i'm curious if i'm looking at the divergence patterns correctly or if i'm completly off base. Thanks again for everyone's responses!

you need to adjust your tick chart to calculate trades using trade volume, not tick count. Format Symbol > Settings Tab > For Volume, use: Trade Vol. (Dropdown). Save settings and the chart should change. Cheers!

If you're ever down in Omaha, NE let me know!

Ok, well i rely heavily (and solely) on the ValueChart indicator to tell me when go situations prevail to take retracement trades. I found a NinjaTrader version on this website: http://www.ninjatrader-support.com/vb/showthread.php?p=39817 Post #8, but i think you have to register. Throw that up on your charts... i think it just might revolutionize your trading. Its the best indicator i've ever come across and is VERY powerful for retracement trading.

I trade retracements into a prevailing bigger trend. What platform are you trading with?

I should also mention that the youtube video mentioned refrences a different indicator than whats on my charts. The Tick Delta indicator is just splitting each bar into buyer/seller dominated on each volume bar. Delta Divergence (the youtube and TTM webinar i posted) is an entirely different indicator and idea than whats on my charts.

Heres TTM's full 90 webinar on the delta indicator which as you mentioned is available for download in the indicator section. http://www.tradethemarkets.com/public/1721.cfm

Thanks for the posts guys. I am aware of various vendors that do the delta divergence stuff, i understand that for the most part. The reason i'm showing the delta divergence indicator is simply that it is the same as the volume histogram, so the same kind of basic volume analysis should be possible.

Just over 2 years in futures... Started with the ES, now trading the NQ soley. The ES just backs and fills way to much for my style of trading. The NQ moves and if its gonna go it runs for a bit straight line which allows me to quickly reduce risk and lock in profits in. The same setups in the ES would tend to backfil and stop you out too quickly, etc. NQ trades nice and smooth most of the time. So whats the system you're working on here? What problems are you encountering? I'd like to try and help!

Just want to say keep at it! I am 22 and an NQ trader and i've had a rough path to get where I am. I haven't made it, but I think i've got an idea that can work and i'm working at it day after day and starting to see a glimmer of hope at the end of the tunnel. KEEP AT IT. I can't tell you how many thousands of hours i've spent going through charts, backtesting, trying new ideas, just keep doing it. ITS WORTH IT. I had my "EUREKA" moment last week and I can tell you its worth it in the end. Cheers mate!

I had a few, ok, well a LOT of questions regarding volume. I just started using it in my trade setups a few days ago and it has revolutionized my entries and exits. However, I understand that I am still missing out on a LOT of information held within the volume histogram and I had some questions that maybe someone could explain to me. I am interpreting price action and volume a certain way but I don't know if its the RIGHT way. ANY HELP WOULD BE APPRECIATED. Charts are from yesterday and today's price action in the NQ on a 377 Tick chart. Using the Tick Delta indicator from the indicator forums. Its is merely the same as the stock TS volume indicator except it splits out the volume into buyer/seller dominated bars (thats the part i'm using effectively now). But i think the part i'm missing is in the amount of volume coming into various moves and the possible divergence patterns that are occurring right under my nose. I'm a really big visual learner so i've tried to describe everything with charts that have key points labeled with numbers so hopefully we can explain the same inflection points on the examples clearly. So lets get started! I guess one of my biggest questions is how to accurately measure for divergence in the market. So i've tried to pick out inflections with obvious new swing high/lows in the market keyed up with the corresponding volume on those candles. Examples of this would be on the chart: 1-2, higher low backed with higher high in volume, thus, move is backed and higher highs are expected? 3-4, higher low with divergence lower low in corresponding volume, thus divergent behavior and new highs not expected. potential reversal? 8-9, lower low but with divergent higher high in volume, thus potential reversal? Is there any logic wrong here? Am i looking at the right spots to measure volume? Basically, should i be looking at volume in uptrends measured at the new highs or at the swing lows, and vise versa in downtrends? Price action from today: So again, should i be looking at volume when the move is making a higher high (the blue dots on the 4-5 move) or at the green dots on that same move? Now that i think about it really is coming down to one big question of where to measure the volume from. Because thats what I need to know to accurately interpret the volume at any level and right now i'm just kind of guessing off of what i know of price action. so in the 3-5(not labeled but the next blue dot after 3) is a lower low in volume on a lower low in the price ok? Or is the real information on the 2-4 upswing that is divergent in volume indicating to stop buying after the 4 point? I'm sorry if this is confusing or not clear. I appreciate all of your responses!!!

The Economic calendar seems to think that today is July 27th. Seems to be about two weeks old. Is there any fix? Its a great feature. Is it just my machine?

Goldman Sachs if i'm not mistaken.

I had an issue where it locked up and i missed out on a trade about a month ago. I emailed customer service and was credited 99.95 for my issue. Make sure they know what you're problems are. They seem to be aware that many people are not happy with the recent happenings and are really making an effort to make good on it.

Well i've used TS for over two years now, and while they aren't perfect I have had no issues regarding data slowness, etc. Thats all a bunch of ET B.S. like most things over there are. In fact, they've done extensive upgrading recently to get even faster data. This debacle the other day was the first time i've ever experience anything like that. Curious on the bugs with MC. I have heard that from a friend as well when he tried them. I really want those guys to get the kinks ironed out of that platform because it is just soooo cool. Anyway, I do manual backtesting as well with the same kind of logic. There really isn't too many ways around it. I don't trade automated setups so i've never used the backtesting extensively but EL is fairly easy to code, but like anything, TS wants you to have to pay to go to education schools, etc for coding help, etc. That being said there are tons of sites like this one and kreslik that have loads of indicators already created and ready to go for you. Hope this helps.

Buy Multicharts outright... for 1500.00... LIFETIME License and free updates for life. Its the best deal. I've spent WAY more than that with TS, and its got so much more than TS in terms of features, scalability, support, etc. Then open an account with AGN Futures... They have free data whether you do 0 trades or 1000 trades. And really good tick data too.

*edit* Bam-Bam... that's a fantastic post. I almost would take it one step farther... i use to (and still do sometimes) use the squeeze to alert me to consolidation in the market, i mean that is essentially what that indicator does. What about using the MACD cross to signal the entry on either side of the market and then managing the trade based off the momentum indicator on the squeeze. Some simple exit rule, like two decreasing momentum bars in a row or something and you exit. Works pretty well on a 377 tick chart in the nq today... In fact i may give this another go over in some backtesting. Thanks for refreshing the idea! I also think it responds better on tick charts (i think everything responds better on tick charts).

Keep in mind the discrepancies of this indicator that no one really seems to remember when using it. John Carter uses it with a 9/21 EMA for bias... if those conflict with the signal he will not enter. Also, if the squeeze fires off on with the momentum histogram NEGATIVE BUT DECREASING IN STRENGTH it is a long not a short and vise versa. Hope this helps. And also keep in mind they use this indicator in a pretty scalpy fashion in terms of cutting contracts lose constantly as it works in your favor... so take that into account when backtesting. I know in the YM they will use like 4 tick initial profit targets to cut half loose, etc.

I got caught in the debacle as well. Stuck in an position I didn't know I had filled on until i rebooted the platform 2 hours later and was down 400.00/contract. But i took screenshots and documented the process and what was happening, account status, order failures, etc. I emailed them and they provided full restitution +20.00 to cover any commissions i might've endured. They screwed up and it was the most frustrating trade situation i've ever been in but they made right by me. That being said, I think i'll be switching to Multicharts 3.0 and AGN futures as a broker. (FREE DATA!!!) and the tick data is excellent unlike IB.