The Price / Volume Relationship

[Tams 20]

Do someone have coded in easylanguage any volume patterns?

 

PRV -- Pro Rated Volume

 

http://www.traderslaboratory.com/forums/trading-indicators/5814-prv-pro-rated-volume.html

 

 

 

Volume DayAverage

 

http://www.traderslaboratory.com/forums/trading-indicators/5753-volume-dayaverage.html

 

 

 

Volume Weighed Color Bars

 

http://www.traderslaboratory.com/forums/trading-indicators/5709-volume-weighed-color-bars.html

 

 

 

Volume Bias

 

http://www.traderslaboratory.com/forums/trading-indicators/6519-volume-bias.html

 

[stepan7 10]

Bright explanation from the other site: :haha:

 

"See the V. See the P. See the P chase the V. The P LIKES the V. But when he catches the V, she just turns him loose. So he can chase her again. Until he gets tired and V gets very dried up. Then they both rest until one of them breaks out and the merry chase starts again. Sometimes P goes this way and V goes that way and they get into a high frequency stall until they collapse in a heap from exhaustion..... "

 

:rofl:

Edited February 7, 2012 by stepan7

[outsource 10]

Dear community,

 

Does anyone have PRV volume script for NT7,for the Range Bars display.The one i have doesn`t show the PRV shadow on the range bars.

 

Thanks in advance!

[xioxxio 10]

Dear community,

 

Does anyone have PRV volume script for NT7,for the Range Bars display.The one i have doesn`t show the PRV shadow on the range bars.

 

Thanks in advance!

 

Send an email to Stephan he is the NT7 Guru, you can find all this info on elitetrader.

[outsource 10]

Send an email to Stephan he is the NT7 Guru, you can find all this info on elitetrader.

 

Hi Xio,

 

I`ve tried every snippets available on ET(nkhoi`s,LostTrader`s etc..),it still doesnt display the PRV shadow on range bars.

[xioxxio 10]

Sorry, I don't use NT, hopefully someone on this forum may beable to help you.

[Tams 20]

Hi Xio,

 

I`ve tried every snippets available on ET(nkhoi`s,LostTrader`s etc..),it still doesnt display the PRV shadow on range bars.

 

looks for a thread started by TUMS...

Software Used to Trade Jack Hershey Methods

 

the latest code should be posted there

[outsource 10]

I think i`ve said this elsewhere..''NON of the snippets coded by ET volunteers do not show the PRV shadow on the Bar Range display.''

[Corey 10]

Hi Xio,

 

I`ve tried every snippets available on ET(nkhoi`s,LostTrader`s etc..),it still doesnt display the PRV shadow on range bars.

you can not have PRV shadow on range bar, prv is project vol depending on time i.e. if real vol = 200 (in 1m) then PRV shadow vol will be = 1000 (in 5m). Since range bar is not time dependent there is no way to calculate PRV vol.

 

ps. this tells me PRV is a lost art.

[Tams 20]

I think i`ve said this elsewhere..''NON of the snippets coded by ET volunteers do not show the PRV shadow on the Bar Range display.''

 

I know of one guy who is not a volunteer, but unfortunately he is not liberally "sharing" his codes. Only a few of the regular contributors to the threads have received his code.

[outsource 10]

Ok,thanks to all for the replies.

 

@Corey,

 

PRV is not a lost art at all.Works great on the tick display.One of the best leading indicator to me.The thing with the 'range bar' or 'line break' display is that you could only get the more rigid fractal.

[amisme 10]

outsource, I'm having a difficult time understanding what you are asking for. Having PRV volume calculated on a tic chart is not possible because the bars are not time-based.

 

If you are looking for an indicator that shows a moving average of volume over the last x seconds/minutes, I've thought that that could be fantastically useful. I would work on coding it up myself, but I'm currently prioritizing improving my fractal differentiation.

 

 

Towards that end, I've been reviewing the basics and questioning a lot of things I thought I'd had straightened out. Looking over the beginnings of the thread, the lateral drill suddenly makes a lot more sense to me, and potentially has a very simple solution.

 

Two things seem to be the most important when considering the context of your lateral:

1. What fractal your lateral occurs on

2. What part of the sequence that fractal is completing

 

With that information, laterals fall into two categories.

Non-dominant movements after a dominant movement has reached LTL - continuation

Non-dominant movements after a dominant movement has failed to traverse - change

 

For simplicity's sake, I'm considering the first movement from point 1 to point 2 to be a dominant move that reaches LTL.

 

Given that, the only thing left in my mind is to differentiate between FTTs that lead to new containers and FTTs that lead to FBO. I do not know where to start with this.

[outsource 10]

outsource, I'm having a difficult time understanding what you are asking for. Having PRV volume calculated on a tic chart is not possible because the bars are not time-based.

 

If you are looking for an indicator that shows a moving average of volume over the last x seconds/minutes, I've thought that that could be fantastically useful. I would work on coding it up myself, but I'm currently prioritizing improving my fractal differentiation.

 

 

Towards that end, I've been reviewing the basics and questioning a lot of things I thought I'd had straightened out. Looking over the beginnings of the thread, the lateral drill suddenly makes a lot more sense to me, and potentially has a very simple solution.

 

Two things seem to be the most important when considering the context of your lateral:

1. What fractal your lateral occurs on

2. What part of the sequence that fractal is completing

 

With that information, laterals fall into two categories.

Non-dominant movements after a dominant movement has reached LTL - continuation

Non-dominant movements after a dominant movement has failed to traverse - change

 

For simplicity's sake, I'm considering the first movement from point 1 to point 2 to be a dominant move that reaches LTL.

 

Given that, the only thing left in my mind is to differentiate between FTTs that lead to new containers and FTTs that lead to FBO. I do not know where to start with this.

 

 

Hi am,

 

Since the vendor wich platform i use does not support the automated snippets for latterals i had to find the other way.So basically,what i was looking for was an attempt to find a different kind of display for the price on wich i`d have PRV as well,as it`s a perfect leading indicator for me.

 

Not sure what platform you use,but on NT tick display PRV does work fine.

 

Since it is very well known that the market`s math is finite(10 cases,2 of wich are only involved in price movement),my choice was to not get involved in latteral monitoring,as it was too intense for me to do it manually,but to concentrate on Boolean vectors instead-the finite set of the finite set.

 

As far as i can see your problem,i see that you do not have or use any leading indicators on your display,to help you in your monitoring and analysis.It`s may be ok that you know that you know what fractal your lateral occurs on if it`s not cluttering your vision.

 

Hints:

 

Volume ALWAYS leads the price;FBOes usually occur on the 3-rd leg of a fractal;Wave or sine or 2-line theories are there to help you to connect FTTs;At this point,trade FTT to FTT(a trust will appear at some point) and not FTT to point 2.Point 1 is a volume peak,Point 2 is a volume peak,Point 3 is a volume trough,FTT is a volume peak.

[xioxxio 10]

Hints:

 

Volume ALWAYS leads the price;FBOes usually occur on the 3-rd leg of a fractal;Wave or sine or 2-line theories are there to help you to connect FTTs;At this point,trade FTT to FTT(a trust will appear at some point) and not FTT to point 2.Point 1 is a volume peak,Point 2 is a volume peak,Point 3 is a volume trough,FTT is a volume peak.

 

Where is the rest of the summary?

[amisme 10]

Fractal differentiation for today.

 

I didn't like having a traverse with such a shallow slope, and having a tape go from 08:55 to 12:35 was weird to me. But everything worked, and at the end, I have exactly two FTTs on the traverse level: 06:55 bar, and 12:35 bar.

[gosu 10]

another pov...........

[xioxxio 10]

Fractal differentiation for today.

 

I didn't like having a traverse with such a shallow slope, and having a tape go from 08:55 to 12:35 was weird to me.

 

It could be worse by having lateral for the entire morning session

 

Trade a higher fractal, leaves instead of trees.

Edited February 14, 2012 by xioxxio

[amisme 10]

This is late. I had a day. Realized a little ago that this is pretty near the end of the day for you on the east coast.

 

Had some trouble today between points 2 and 3 of what I have annotated as a down tape in the latter portion of the day.

 

The 10:05 bar is a VE of the tape even at the most accelerated possible slope. Thus, non-dom price movement following that bar is an expansion of the tape, not a new tape. I will need to see a non-dom sub-tape movement complete, followed by a return to dominance and completion of that sub-tape container before I can call this tape complete.

 

Annotating this gave me a few challenges. Outside bar at 11:05 is a VE of any container I tried to draw. I was at a loss. Price following the 11:05 OB traveled downward far enough to break the lower boundary of the 10:05 bar, which would have made my non-dominant up thing into a down-thing. I don't believe that's a valid way to annotate, so I took another look and realized that the 10:35 bar forms a lateral that goes until 12:05. Does this mean that the high of the 11:05 bar is a valid sub-tape FTT? I don't know, maybe! It made everything work. This gives me tape point 3, and I move on to catch up with the day.

 

Following tape point 3, sub-tape down container progresses without trouble, though I am a little befuddled at how the volume turned out. Our first tape FTT for this tape, a small hop up and a lateral gives us FBO. One bar lands exactly on the RTL as drawn, which gives me a nice feeling of confirmation. Price breaks out of the lateral down on increasing volume and a new dominant sub-tape movement has begun.

 

The rest of the day didn't seem very tricky to me. Second FTT of that tape and a successful breakout of the RTL means that we start tomorrow looking for that tape to end and give us point 3 of a down traverse. If we instead get an up traverse, then I will have been wrong in my reasoning for expanding the tape.

[Tams 20]

It could be worse by having lateral for the entire morning session

 

Trade a higher fractal, leaves instead of trees.

 

Lateral = money in the waiting

 

patience will be richly rewarded

[xioxxio 10]

Lateral = money in the waiting

 

Laterals are money, just not as much as traverses

[gosu 10]

This is late. I had a day. Realized a little ago that this is pretty near the end of the day for you on the east coast.

 

Had some trouble today between points 2 and 3 of what I have annotated as a down tape in the latter portion of the day.

 

The 10:05 bar is a VE of the tape even at the most accelerated possible slope. Thus, non-dom price movement following that bar is an expansion of the tape, not a new tape. I will need to see a non-dom sub-tape movement complete, followed by a return to dominance and completion of that sub-tape container before I can call this tape complete.

 

Annotating this gave me a few challenges. Outside bar at 11:05 is a VE of any container I tried to draw. I was at a loss. Price following the 11:05 OB traveled downward far enough to break the lower boundary of the 10:05 bar, which would have made my non-dominant up thing into a down-thing. I don't believe that's a valid way to annotate, so I took another look and realized that the 10:35 bar forms a lateral that goes until 12:05. Does this mean that the high of the 11:05 bar is a valid sub-tape FTT? I don't know, maybe! It made everything work. This gives me tape point 3, and I move on to catch up with the day.

 

Following tape point 3, sub-tape down container progresses without trouble, though I am a little befuddled at how the volume turned out. Our first tape FTT for this tape, a small hop up and a lateral gives us FBO. One bar lands exactly on the RTL as drawn, which gives me a nice feeling of confirmation. Price breaks out of the lateral down on increasing volume and a new dominant sub-tape movement has begun.

 

The rest of the day didn't seem very tricky to me. Second FTT of that tape and a successful breakout of the RTL means that we start tomorrow looking for that tape to end and give us point 3 of a down traverse. If we instead get an up traverse, then I will have been wrong in my reasoning for expanding the tape.

 

Zoomed out one fractal.

[Tams 20]

Laterals are money, just not as much as traverses

 

no, I wasn't talking about the money in the lateral,

I was referring to the money in the waiting.

 

ie. sooner or later, the price MUST break out of the laterals.

 

therefore when a lateral is formed, no matter how long a time it lasts,

no matter how slow the action seems,

we should start to rub our hands and watch for WMCN.

Edited February 16, 2012 by Tams

[cnms2 10]

...

I propose a little different view.

[amisme 10]

That clears things up quite a bit, but also conflicts with what I thought was a tenet of drawing price containers. I'm reworking my logic in that regard. I will start tomorrow from the context of an up tape breaking out of a completed down traverse.

 

Thank you for the correction!

[xioxxio 10]

Only traded the morning session. STOXX50