Cumulative Delta Volume

[momentom 10]

I wrote a little easylanguage study to track volume:

 

Vars: MyVol(0);

MyVol = Upticks-DownTicks;

 

Plot1(MyVol, "VB");

 

If MyVol > 0 Then setPlotcolor(1,GREEN);

If MyVol < 0 Then Setplotcolor(1,RED);

 

So far so good.

 

Now I would like to make it CUMULATIVE for the trading day, trading day be the day starting at the close of the previous RTH session.

 

Somehow I can't get my head to the next stage. Any ideas?

 

TIA

[Tams 20]

what is the chart's resolution?

 

 

can you post an annotated screen shot? or a mock up?

[momentom 10]

I trade of range bars, say 5 ticks:

I've attached what it looks like on market delta.

 

The bottom pane is the raw data: Upticks minus downticks,

second from bottom is the cumulative total of the value of each bar's uptick-downtick volume.

 

I hope I was clear.

 

Thanks

[Tams 20]

....

Now I would like to make it CUMULATIVE for the trading day, trading day be the day starting at the close of the previous RTH session.

 

Somehow I can't get my head to the next stage. Any ideas?

 

TIA

 

 

 

if d <> d[1] then begin...

[zdo 20]

Did you try

MyVol = MyVol + (Upticks-DownTicks);

???

[momentom 10]

No, I didn't. There is nothing in the expression that resets the number to zero at the end of the RTH session. I want to start from zero every "new" day after RTH.

[zdo 20]

if (Time[1] <= yourRTH and Time > yourRTH) then

MyVol = 0;

 

etc

[FulcrumTrader 10]

I wrote a little easylanguage study to track volume:

 

Vars: MyVol(0);

MyVol = Upticks-DownTicks;

 

Plot1(MyVol, "VB");

 

If MyVol > 0 Then setPlotcolor(1,GREEN);

If MyVol < 0 Then Setplotcolor(1,RED);

 

So far so good.

 

Now I would like to make it CUMULATIVE for the trading day, trading day be the day starting at the close of the previous RTH session.

 

Somehow I can't get my head to the next stage. Any ideas?

 

TIA

 

I trade exclusively with Cumulative Delta and I was going to make sure you want (upticks - downticks) OVER (bid - ask) such as this explanation.......

 

Investor/RT Tour - Volume Breakdown (VB)

 

BTW....today there was an excellent Cumulative Delta based "Inventory Grab" SHORT trade at 1034.50 ES level right after 1035.00 high was traded. This trade takes place after all previous resting SHORT inventory that had been holding for a period of time has been neutralized (they all covered to go flat). Right after the sellers bail that were holding large SHORT positions there is no one left for BUYERS to force into SHORT covering.....this leaves price hanging with new initiating BUYERS needed to step in to support current pricing levels.

 

Here is what the Cumulative Delta looked like right after I had entered the trade as additional sell response was entering the order flow.... http://www.charthub.com/images/2009/08/24/FulcrumTrader__ES_SEP09

[momentom 10]

In MultiCharts, upticks-downticks and the symbol set to TRADE VOLUME gives you the volume breakout indicator that I can load historically. I'm now trying to get the cumulative VB.

[momentom 10]

if d <> d[1] then begin...

 

if (Time[1] <= yourRTH and Time > yourRTH) then

MyVol = 0;

 

etc

 

Thanks, that did it.

[Tams 20]

FYI

http://www.traderslaboratory.com/forums/56/volume-splitter-5824-5.html#post66247

[momentom 10]

Thanks for everyone's help.

 

Attached chart shows 5 point Range bar chart of ES #F (24 hour) with Volume Breakdown and under that Cumulative Volume Delta. This is in Multicharts and loads historically if TRADE VOLUME is selected.

[BlowFish 10]

Look for a thread called plotting globex highs and lows (or something similar) more methods of resetting things at the open than you can shake a stick at (though I would of course argue mine was most elegant )

[danhoyda 10]

so basically I am using the code that was made by such a kind user and very kind members. I am trying to learn tradestation easy language. I am a bit confused by this code, does it just give a green or red signal when there is a up or downtick and then plots it. Does this indicate the actual volume or just price movement?