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.

Recommended Posts

PRV -- Pro Rated Volume

 

For the volume hawks!

 

This indicator projects the volume at the end of the bar.

It calculates the PRV based on the current trade pace,

and the time remaining in the bar.

 

This information is useful to spot turning points

ie. whether the money is drying up... or flooding in.

 

This indicator is usable on minute charts only.

 

Instructions:

Set the volume to display as a thick histogram

and the PRV to display either as a thin histogram, or as a thick point.

 

 

attachment.php?attachmentid=10276&stc=1&d=1240434149

PRV_Pro_Rated_Volume.jpg.80f7ffe84676548381b23aee9c54215b.jpg

PRV_ProRatedVolume.txt

Edited by Soultrader

Share this post


Link to post
Share on other sites

Does anyone know how I can code Easylanguage for TS2000i to take the word "ComputerDateTime" from the code below with an alternative ? I have tried the word "CurrentTime" but it is not working quite the way it should do. The rest works fine and it is only this that is an issue.

 

 

Paul

 

if date = date[1] then

begin

CurrentTimeInSecs = ( ComputerDateTime - DateToJulian( Date ) ) * 86400 ;

TotSecondsDiff = CurrentTimeInSecs - CurrentTimeInSecs[1] ;

end;

Share this post


Link to post
Share on other sites

here's the difference between the two keywords

 

 

The indicator needs to find out the Current Time In Seconds, the currenttime keyword can only supply the time in minutes.

 

 

 

 

ComputerDateTime

 

Returns a double-precision decimal DateTime value indicating the computer's current date and time.

 

The integer portion of the DateTime value indicates the number of days that have elapsed since January 1st, 1900,

and the fractional portion of the DateTime value indicates the fraction of the day that has passed since midnight.

 

Usage

 

ComputerDateTime

 

Example

 

ComputerDateTime will return a value of 39448.25000000 for 6:00 AM on January 1st, 2008

 

CurrentTime

 

Returns a numerical value, indicating the computer's current time.

The time is indicated in the 24-hour HHmm format, where 1300 = 1:00 PM.

 

Usage

 

CurrentTime

 

Examples

 

CurrentTime will return a value of 1015 for 10:15 AM

 

CurrentTime will return a value of 1545 for 3:45 PM

Edited by Tams

Share this post


Link to post
Share on other sites

hey Tams, I am not sure what I have to change here to make it work in tradestation, can you give me another hint.

 

// PRV Pro Rated Volume

// author: unknown (previousely posted by TXUK)

// enhancements by TAMS

//

// This indicator projects the volume at the end of the bar.

// It calculates the PRV based on the current trade pace,

// and the time remaining in the bar.

//

// This information is useful to spot turning points

// ie. whether the money is drying up... or flooding in.

//

// This indicator is usable on minute charts only.

//

// Instructions:

// Set the volume to display as a thick histogram

// and the PRV to display either as a thin histogram, or as a thick point.//

//

// enhancemnts by TAMS:

// 20070102

// added user configurable colors

// auto detect chart resolution (original version can only be used on 5min chart)

// added delay, so that the PRV does not get overwhelmed at the beginning of the bar

// added the zero line, so that autoscale starts at zero instead of the lowest volume

//

 

 

inputs:

UpCol( black ),

DnCol( Red ),

UpPRV(green),

DnPRV(Darkcyan),

delay(10);

 

variables:

offset(0),

color(0);

 

vars:

CurrentTimeInSecs ( 0 ),

TotSecondsDiff( 0 ) ,

SecondsDiff( 0 ) ,

MinutesDiff( 0 ),

prv(0);

 

plot1(0, "Zero");

 

if date = date[1] then

begin

CurrentTimeInSecs = ( Currenttime - DateToJulian( Date ) ) * 86400 ;

TotSecondsDiff = CurrentTimeInSecs - CurrentTimeInSecs[1] ;

end;

 

If TotSecondsDiff > delay then

begin

prv = (ticks/TotSecondsDiff) * 60 * barinterval ;

IF prv > ticks[1] THEN

setPlotColor( 2, UpPRV)

else

SetPlotColor(2, dnPRV);

Plot2 (prv, "PRV");

end;

 

if c > c[1] then

color = upcol

else

if c < c[1] then

color = dncol

else

color = color[1];

 

Plot2[1] (ticks[1], "PRV");

plot3(ticks, "Volume", color);

Share this post


Link to post
Share on other sites

when posting codes, please use the code tag.

 

code tag is the code.gif at the top of the reply message window frame.

 


tagged code looks like this

code
code
code

Share this post


Link to post
Share on other sites
hey Tams, I am not sure what I have to change here to make it work in tradestation, can you give me another hint.

...;

 

this indicator was written on TradeStation.

Share this post


Link to post
Share on other sites
when i try to apply it to a chart it says floating point invalid calculation.

 

if you say it does not work, it can mean a lot of things.

I can't really help you when you are providing so little information...

 

what instrument are you applying the indicator to?

what is the chart resolution?

what is the error message? I cannot read your mind. please copy and paste the complete message here. (or make a screen shot).

Share this post


Link to post
Share on other sites

Tams,

 

I find it quite fascinating that when you post a useful volume indicator on here the

"volume hawks" give it virtually no attention whatsoever . . .

 

Perhaps next time you should post some vague, wishy-washy, and totally subjective claptrap about volume spread analysis and what a 'big' bar means? Your post might get some more attention that way.

 

Anyway, thanks for the code!

Share this post


Link to post
Share on other sites
Tams,

 

I find it quite fascinating that when you post a useful volume indicator on here the

"volume hawks" give it virtually no attention whatsoever . . .

 

Perhaps next time you should post some vague, wishy-washy, and totally subjective claptrap about volume spread analysis and what a 'big' bar means? Your post might get some more attention that way.

 

Anyway, thanks for the code!

 

You are welcome.

 

 

The volume hawks are not saying much

because they have already got this indicator years ago.

 

;-)

Share this post


Link to post
Share on other sites

hey tams here is the screenshot you requested i am trying to plot it for the GBPCHF ratio, the error i get is a floating point invalid calculation

 

here is the code in the easy language as well.

 

// PRV Pro Rated Volume

// author: unknown (previousely posted by TXUK)

// enhancements by TAMS

//

// This indicator projects the volume at the end of the bar.

// It calculates the PRV based on the current trade pace,

// and the time remaining in the bar.

//

// This information is useful to spot turning points

// ie. whether the money is drying up... or flooding in.

//

// This indicator is usable on minute charts only.

//

// Instructions:

// Set the volume to display as a thick histogram

// and the PRV to display either as a thin histogram, or as a thick point.//

//

// enhancemnts by TAMS:

// 20070102

// added user configurable colors

// auto detect chart resolution (original version can only be used on 5min chart)

// added delay, so that the PRV does not get overwhelmed at the beginning of the bar

// added the zero line, so that autoscale starts at zero instead of the lowest volume

//

 

 

inputs:

UpCol( black ),

DnCol( Red ),

UpPRV(green),

DnPRV(Darkcyan),

delay(10);

 

variables:

offset(0),

color(0);

 

vars:

CurrentTimeInSecs ( 0 ),

TotSecondsDiff( 0 ) ,

SecondsDiff( 0 ) ,

MinutesDiff( 0 ),

prv(0);

 

plot1(0, "Zero");

 

if date = date[1] then

begin

CurrentTimeInSecs = ( Currenttime - DateToJulian( Date ) ) * 86400 ;

TotSecondsDiff = CurrentTimeInSecs - CurrentTimeInSecs[1] ;

end;

 

If TotSecondsDiff > delay then

begin

prv = (ticks/TotSecondsDiff) * 60 * barinterval ;

IF prv > ticks[1] THEN

setPlotColor( 2, UpPRV)

else

SetPlotColor(2, dnPRV);

Plot2 (prv, "PRV");

end;

 

if c > c[1] then

color = upcol

else

if c < c[1] then

color = dncol

else

color = color[1];

 

Plot2[1] (ticks[1], "PRV");

plot3(ticks, "Volume", color);

fortams.thumb.jpg.685bb947d4995e69aa5ed7618866a5d2.jpg

Share this post


Link to post
Share on other sites

Pro-Rated volume will never work on forex symbols because forex symbols don't report volume.

 

prv = (ticks/TotSecondsDiff) * 60 * barinterval; // this line triggers the FP Error because the value of ticks is zero.

 

hey tams here is the screenshot you requested i am trying to plot it for the GBPCHF ratio, the error i get is a floating point invalid calculation

 

here is the code in the easy language as well.

 

// PRV Pro Rated Volume

// author: unknown (previousely posted by TXUK)

// enhancements by TAMS

//

// This indicator projects the volume at the end of the bar.

// It calculates the PRV based on the current trade pace,

// and the time remaining in the bar.

//

// This information is useful to spot turning points

// ie. whether the money is drying up... or flooding in.

//

// This indicator is usable on minute charts only.

//

// Instructions:

// Set the volume to display as a thick histogram

// and the PRV to display either as a thin histogram, or as a thick point.//

//

// enhancemnts by TAMS:

// 20070102

// added user configurable colors

// auto detect chart resolution (original version can only be used on 5min chart)

// added delay, so that the PRV does not get overwhelmed at the beginning of the bar

// added the zero line, so that autoscale starts at zero instead of the lowest volume

//

 

 

inputs:

UpCol( black ),

DnCol( Red ),

UpPRV(green),

DnPRV(Darkcyan),

delay(10);

 

variables:

offset(0),

color(0);

 

vars:

CurrentTimeInSecs ( 0 ),

TotSecondsDiff( 0 ) ,

SecondsDiff( 0 ) ,

MinutesDiff( 0 ),

prv(0);

 

plot1(0, "Zero");

 

if date = date[1] then

begin

CurrentTimeInSecs = ( Currenttime - DateToJulian( Date ) ) * 86400 ;

TotSecondsDiff = CurrentTimeInSecs - CurrentTimeInSecs[1] ;

end;

 

If TotSecondsDiff > delay then

begin

prv = (ticks/TotSecondsDiff) * 60 * barinterval ;

IF prv > ticks[1] THEN

setPlotColor( 2, UpPRV)

else

SetPlotColor(2, dnPRV);

Plot2 (prv, "PRV");

end;

 

if c > c[1] then

color = upcol

else

if c < c[1] then

color = dncol

else

color = color[1];

 

Plot2[1] (ticks[1], "PRV");

plot3(ticks, "Volume", color);

Share this post


Link to post
Share on other sites
Pro-Rated volume will never work on forex symbols because forex symbols don't report volume.

 

prv = (ticks/TotSecondsDiff) * 60 * barinterval; // this line triggers the FP Error because the value of ticks is zero.

 

If you're wanting to trade forex with volume as part of your strategy, you can always apply the indicator to the relevant fx futures contract, which will have volume.

Share this post


Link to post
Share on other sites

Thanks, that's an excellent solution.

 

Forex doesn't interest me. I solve coding puzzles for their intrinsic value and there's still a lot I can learn from this one. Danhoyda hasn't provided enough details to make sense of it.

If you're wanting to trade forex with volume as part of your strategy, you can always apply the indicator to the relevant fx futures contract, which will have volume.

Share this post


Link to post
Share on other sites

You're welcome. I agree it's a great indicator. Thank you Tams ....TXUK's ......and any other's involved that I've missed.

 

I'm curious what you changed???

 

pardon me I got it to work thanks for the help I changed something on the original code and thats why it didnt work. I changed it back and now it is.

 

Thanks.

 

Love the indicator.

Share this post


Link to post
Share on other sites

that computer date time thing is what I changed it back to.

 

Dan

 

 

inputs:

UpCol( black ),

DnCol( Red ),

UpPRV(green),

DnPRV(Darkcyan),

delay(10);

 

variables:

offset(0),

color(0);

 

vars:

CurrentTimeInSecs ( 0 ),

TotSecondsDiff( 0 ) ,

SecondsDiff( 0 ) ,

MinutesDiff( 0 ),

prv(0);

 

plot1(0, "Zero");

 

if date = date[1] then

begin

CurrentTimeInSecs = ( ComputerDateTime - DateToJulian( Date ) ) * 86400 ;

TotSecondsDiff = CurrentTimeInSecs - CurrentTimeInSecs[1] ;

end;

 

If TotSecondsDiff > delay then

begin

prv = (ticks/TotSecondsDiff) * 60 * barinterval ;

IF prv > ticks[1] THEN

setPlotColor( 2, UpPRV)

else

SetPlotColor(2, dnPRV);

Plot2 (prv, "PRV");

end;

 

if c > c[1] then

color = upcol

else

if c < c[1] then

color = dncol

else

color = color[1];

 

Plot2[1] (ticks[1], "PRV");

plot3(ticks, "Volume", color);

Share this post


Link to post
Share on other sites

I LOVE this indicator. Thank you very much for this. Could someone explain to clearly what exactly it is doing. My code understanding is very limited. Any help would be appreciated.

 

Thanks!

 

Dan

Share this post


Link to post
Share on other sites

PRV estimates total volume (of a completed bar), while the volume is still incomplete and developing.

 

The version in this thread extrapolates the rate of developing volume (i.e. it pro-rates the volume) based on the assumption it will remain steady until the bar completes. This is a beginning point from which to begin searching for formulas that can distinguish viable signals. I have extensively developed skills for cataloging data such as this and performing any analysis imaginable. Just so you know in case anyone has an idea worth exploring and needs help implementing it. I don't have anything forsale and never will. I abhor that category of failed traders who fleece sheep to cover their trading losses.

 

I LOVE this indicator. Thank you very much for this. Could someone explain to clearly what exactly it is doing. My code understanding is very limited. Any help would be appreciated.

 

Thanks!

 

Dan

Share this post


Link to post
Share on other sites

this code by TXUK is a good platform for further development...

 

I would welcome all users to share their enhancements.

 

Sharing is good.... that's how we grow.

Share this post


Link to post
Share on other sites
thanks onesmith. I have been interested in the murray math indicator do you know anything about it?

 

please start a new thread if you would like to change the subject

Share this post


Link to post
Share on other sites
I abhor that category of failed traders who fleece sheep to cover their trading losses.

 

Ha! And then there's that category who fleece sheep but don't have any trading losses to cover because they don't actually trade . . . :)

 

OneSmith has provided me with valuable coding assistance recently and didn't attempt to sell me anything, so I'll happily second his statement above and recommend seeking help from him with coding.

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.


  • Similar Content

    • By FMIND5
      Hello traders,
      I am interested in order flow trading and I will post some trades and predictions, some articles and ideology of a bit different understanding how price moves and why. May be this forum will be the right place. So, for the start I have  couple of charts of recent trade on oil. Also I did some comparison of two different software. Would be great to meet some traders who use order flow too. Lets see. I have a lots ideas and strategies to share. I don't use any traditional indicators, because just numbers are important for me.
       
       
       


    • By trading4life
      Hello, My name is trading4life.
      I just joined this forum.
  • Topics

  • Posts

    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Date: 8th April 2025.   Markets Rebound Cautiously as US-China Tariff Tensions Deepen     Global markets staged a tentative recovery on Tuesday following a wave of volatility sparked by escalating trade tensions between the United States and China. The Asia-Pacific region showed signs of stability after a chaotic start to the week—though some pockets remained under pressure. Taiwan’s Taiex dropped 4.4%, dragged lower by losses in tech heavyweight TSMC. The world’s largest chipmaker fell another 4% on Tuesday and has now slumped 13.5% since April 2, when US President Donald Trump first unveiled what he called ‘Liberation Day’ tariffs.   However, broader sentiment across the region turned more positive, with several markets rebounding sharply after Monday’s dramatic sell-offs. Japan’s Nikkei 225 surged over 6% in early trading, rebounding from an 18-month low. South Korea’s Kospi rose marginally, and Australia’s ASX 200 gained 1.9%, driven by strength in mining stocks. Hong Kong’s Hang Seng rose 1.6%, though still far from recovering from Monday’s 13.2% crash—its worst day since the 1997 Asian financial crisis. China’s Shanghai Composite added 0.9%.   In Europe, DAX and FTSE 100 are up more than 1% in opening trade. EU Commission President von der Leyen repeated yesterday that the EU had offered reciprocal zero tariffs on manufactured goods previously and continues to stand by that offer. Others are also trying again to talk to Trump to get some sort of agreement that limits the impact.   Much of the rally appeared to be driven by dip-buying, as well as hopes that the intensifying trade war could still be defused through negotiations.   China Strikes Back: ‘We Will Fight to the End’   Tensions reached a boiling point after Trump threatened to impose an additional 50% tariff on all Chinese imports unless Beijing rolled back its retaliatory measures by April 8. ‘If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow... the United States will impose additional tariffs on China of 50%,’ Trump declared on social media.   If implemented, the new tariffs would bring total US duties on Chinese goods to a staggering 124%, factoring in the existing 20%, the 34% recently announced, and the proposed 50%.   In response, China’s Ministry of Commerce issued a stern warning, stating: ‘The US threat to escalate tariffs is a mistake on top of a mistake... If the US insists on its own way, China will fight to the end.’ The ministry also called for equal and respectful dialogue, though signs of compromise on either side remain scarce.   Beijing acted quickly to contain a market fallout. State funds intervened to support equities, and the People’s Bank of China set the yuan fixing at its weakest level since September 2023 to boost export competitiveness. Additionally, five-year interest rate swaps in China fell to their lowest levels since 2020, indicating potential for further monetary easing.   Trump Talks Tough on EU Too   Trump’s hardline approach extended beyond China. Speaking at a press conference, he rejected the European Union’s offer to eliminate tariffs on cars and industrial goods, accusing the bloc of ‘being very bad to us.’ He insisted that Europe would need to source its energy from the US, claiming the US could ‘knock off $350 billion in one week.’   The EU, meanwhile, backed away from a proposed 50% retaliatory tariff on American whiskey, opting instead for 25% duties on selected US goods in response to Trump’s steel and aluminium tariffs.     Volatile Wall Street Adds to the Drama   Wall Street experienced wild swings on Monday as investors processed the rapidly evolving trade conflict. The S&P 500 briefly fell 4.7% before rebounding 3.4%, nearly erasing its losses in what could have been its biggest one-day jump in years—if it had held. The Dow Jones Industrial Average sank by as much as 1,700 points early in the day but later climbed nearly 900 points before closing 349 points lower, down 0.9%. The Nasdaq ended up 0.1%.   The brief rally was fueled by a false rumour that Trump was considering a 90-day pause on tariffs—rumours that the White House quickly labelled ‘fake news.’ The market's sharp reaction underscored how desperate investors are for any sign that tensions might ease.   Oil Markets in Focus: Goldman Sachs Revises Forecasts   Crude prices also reflected the uncertainty, with US crude briefly dipping below $60 per barrel for the first time since 2021. As of early Tuesday, Brent crude was trading at $64.72, while WTI hovered around $61.26.   Goldman Sachs, in a note dated April 7, lowered its average price forecasts for Brent and WTI through 2025 and 2026, citing mounting recession risks and the potential for higher-than-expected supply from OPEC+.       Under a base-case scenario where the US avoids a recession and tariffs are reduced significantly before the April 9 implementation date, Goldman sees Brent at $62 per barrel and WTI at $58 by December 2025. These figures fall further to $55 and $51, respectively, by the end of 2026. This outlook also assumes moderate output increases from eight OPEC+ countries, with incremental boosts of 130,000–140,000 barrels per day in June and July.   However, should the US slip into a typical recession and OPEC production aligns with the bank’s baseline assumptions, Brent could retreat to $58 by the end of this year and to $50 by December 2026.   In a more bearish scenario involving a global GDP slowdown and no change to OPEC+ output levels, Brent prices might fall to $54 by year-end and $45 by late 2026. The most extreme projection—based on a simultaneous economic downturn and a full reversal of OPEC+ production cuts—would see Brent plunge to below $40 per barrel by the end of 2026.   Goldman noted that oil prices could outperform forecasts significantly if there was a dramatic shift in tariff policy and a surprise in global demand recovery.   Cautious Optimism, But Warnings Persist   With both Washington and Beijing showing no signs of backing down, markets are likely to remain volatile in the days ahead. Investors now turn their attention to upcoming trade meetings and policy decisions, hoping for clarity in what has become one of the most unpredictable trading environments in recent years.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • CVNA Carvana stock watch, rebound to 166.56 support area at https://stockconsultant.com/?CVNA
×
×
  • Create New...

Important Information

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