Volume Bias

[TIKITRADER 10]

this is my latest experiment,

it is a graphical representation of the volume bias...

 

This is great . :thumbs up:

Thanks for some very cool indicators.

[aaa 10]

Nice dog, here is a shot of mine.

 

Hi UmaBlume

 

HeyHey ! they look veryvery nice !

 

U're lucky 2 have 2 of them !

 

Yes they are very nice dogs and very kind with the children and with the other animals.

 

Mine is one of the happiest and the most player of the world.

 

It actually thinks only about having fun and to be happy.

 

Best regards

 

**

[Tams 20]

see the bias at the top of the screen

 

[ame=http://www.youtube.com/watch?v=GQFcFQYq7g8&feature=player_embedded]YouTube - TickDataProcessing INDICATORS - Swing High Low + Volume Bias[/ame]

[Tams 20]

ps. I have no relation with the above video

[tucciotrader 10]

Hi, I have just found this great code and was wondering if there was any way to modify the code in order to have a second Volume bias compute day trading total volume bias. So, basically we'd get two volume bias inticators on the same chart, one showing current volume bias from the current bar (2 min in my case) and another one showing volume bias since the beginning of the trading day...

 

thanks!

[Tams 20]

Hi, I have just found this great code and was wondering if there was any way to modify the code in order to have a second Volume bias compute day trading total volume bias. So, basically we'd get two volume bias inticators on the same chart, one showing current volume bias from the current bar (2 min in my case) and another one showing volume bias since the beginning of the trading day...

 

thanks!

99.211.132

 

anything is possible...

 

if you can imagine it,

visualize it,

quantify it,

articulate it,

you can code it.

 

I would suggest you to start with the EasyLanguage manual.

 

 

Don't forget to post your code!

[tucciotrader 10]

I know, I know...I only wish I had more...time! My Multicharts demo version is expiring in a week...

[Tams 20]

I know, I know...I only wish I had more...time! My Multicharts demo version is expiring in a week...

 

MultiCharts is a power tool; you won't regret it.

[binthere 10]

Tam, thank you for the code, i just pasted it into a new indicateor in easy language and it doesnt plot in my chart (it does verify!!)

using ts 8.8

do you have any idea what i;m doing wrong??

thank you man

binthere

[Tams 20]

which code are you using?

there is an update version in post #6.

 

maybe someone with TradeStation can help.

[binthere 10]

thank you Tam

that is the coed i'm using, ill try to see if ts can help me,

regards, binthere

[sw9 10]

thank you Tam

that is the coed i'm using, ill try to see if ts can help me,

regards, binthere

 

 

Hi,

 

Tradestation wont help you with a custom indicator. The indicator did not work for me either.

 

What you might want to try is the "Volume Ratio" indcator in TS, it will give you the same info. but on a line instead. A very underated indicator in my opinion.

 

Steve

[binthere 10]

Thanks SW9

i just emailed someone at TS, hopefully we'll get an answer bu monday, keepo ya posted

regards,

binthere

[zapisy 10]

Check this ELD for Tradestation.

 

All the best,

 

Lukas

LiD - VOLUME BIAS.zip

LID - VOLUME BIAS.ELD

Edited August 16, 2010 by zapisy

[binthere 10]

zapisy

ya r the man!

thank you, works great

binthere

[zapisy 10]

No problem

 

Lukas

[bobpi 10]

Same problem:

 

TS 8.6 (Build 2696)

3m

TFU10

TS

 

What is wrong?

[Tradewinds 12]

The ratio of the Volume Bias revolves around the Easy Language reserved Words:

 

• Upticks
  
• Ticks
  

 

• Upticks - Returns the number of ticks on a bar whose value is higher than the tick immediately preceding it.
  
• Ticks - Total number of Upticks and Downticks
  

 

As an example, I created a one line indicator: (TradeStation)

 

Plot1(Upticks/Ticks, "Tick Ratio");

 

That one line of code is all you need to plot a lower study that shows the ratio. Of course, there is all kinds of different formatting that can be done. The main calculation is: "Upticks/Ticks" That's it. If I wanted to see when the ratio goes over 50 percent, I could add a center line at 0.5

 

Plot1(Upticks/Ticks, "Tick Ratio");

Plot2(0.5, "Center Line");

 

Now you have two lines of code.

 

If you want the ratio as text on the chart, this one line of code will do that:

 

Value1 = Text_New(D, T, H*1.001, NumToStr(Upticks/Ticks,2));

 

That one line of code puts the ratio over the high of the bar.

 

If you want it to be in different colors, or only display on the current bar, and not all the bars, or do other formatting, that is more lines of code. But the basics are very simple.

[bomberone1 10]

Are there any upgrades about code?

[bomberone1 10]

Do you have any improvments?

[zapisy 10]

I do not have,

 

Linetrol

[Tams 20]

Are there any upgrades about code?

 

what kind of upgrade are you looking for?

 

I have a few more enhancements and variations to the original code,

but I have not decided on what to do with them yet.

[Tams 20]

Do you have any improvments?

 

What kind of improvements do you have in mind?

 

I welcome all feedbacks and suggestions.