Bid-Ask Pressure Indicator for Tradestation

[theman 10]

Good idea spyro, Blu-Ray, can this be done? if it can, and if you have time, can you please change the code to reflect spyro reply?

 

If not no worries

 

Thanks

[daedalus 10]

I know it can be done... i've been trying to do it after seeing almost the exact idea coded into an .eld from the folks at eotpro...

 

Seemed like a hugely impressive piece of information once you weeded out the small and medium sized traders and just stuck with the direction of the big fish.

 

I just don't know how to code it... and as of yet have been unable to find someone who could.

 

Cheers!

[Blu-Ray 10]

Yes, it can be done.... leave it with me & I'll see what I can do.

 

Cheers

 

Blu-Ray

[theman 10]

Thankyou so much Blu-Ray!!!

[mmkim 10]

I can't seem to open this .eld file. I'm using Multicharts which should be same as Tradestation. Do you have in word format? Thanks.

 

Mike

[Blu-Ray 10]

I can't seem to open this .eld file. I'm using Multicharts which should be same as Tradestation. Do you have in word format? Thanks.

 

Mike

 

You are winding me up ????????????????????????????????????????

 

 

 

just scroll up a few posts from yours..................................:o

[mmkim 10]

Hi,

 

Sorry, forgot to mention that I tried the one that was on the thread but it didn't work. I thought maybe it was specially for TS 2000i and not compatible with Multicharts. If it's same as for current TS then it should've worked. Anyway, just checking if it was different. I'll try again. Thanks for the codes.

 

Mike

[geckoz 10]

i copied the code into Easylanguage power editor but when i try and verify it it doesnt like the

'intrabarpersist MyCurrentBar(0),' code. it highlights MyCurrent bar

error message is word not recognised by Easylanguage. I am using 2000i. Could anyone please help with that.

[Trader333 10]

I think you will find that it will not work in TS2Ki which is very limited for this type of indicator as I have had similar issues.

 

 

 

Paul

[BlowFish 10]

I can't seem to open this .eld file. I'm using Multicharts which should be same as Tradestation. Do you have in word format? Thanks.

 

Mike

 

3 or 4 posts back its quoted in plain ascii text. Cut and paste that into MC's PLEditor.

[mmkim 10]

there's seems to be some error in the script because when i compile in PLEditor and try to insert the study on the chart it says the study is not compiled so to check for errors and compile the study

[mmkim 10]

found the error-

SmoothedBA = xaverage(xaverage(BAvolra tio, Length), Length)

 

there shouldn't be a space between "BAvolra" and "tio"-just BAvolratio

[theman 10]

Good idea spyro, Blu-Ray, can this be done? if it can, and if you have time, can you please change the code to reflect spyro reply?

 

If not no worries

 

Thanks

 

Hi Blu-ray,

 

Dont know if this helps with my question above?

 

currentcontracts is a reserved word

 

Value1 = currentcontracts;

 

My problem now is how to get this intergrated with the rest of the Bid/Ask indicator. Hope you can help us out.

 

Many thanks

[theman 10]

Hi Blu-Ray

 

I went through the Tradestation forum, and I found this code, please correct me if I'm wrong, I think it dispalys contracts based on users input. Would you mind having a look at it , I've plotted it on my machine, and I think it might do? But it would be better if it was like an oscillator, and color coding it i.e. green/red for buying / selling.

 

 

What do you think?

 

Thanks

 

Inputs: 
Level  (25); 

Variables: 
VolQty  (0); 

if BarType >= 2 then begin 
if Volume >= Level then VolQty = Volume; 
if Volume < Level then VolQty = 0; 
end else begin 
if Ticks >= Level then VolQty = Ticks; 
if Ticks < Level then VolQty = 0; 
end;	  

Plot1( VolQty, "Volume" )

Edited October 29, 2008 by theman

[Blu-Ray 10]

Hi Blu-Ray

 

I went through the Tradestation forum, and I found this code, please correct me if I'm wrong, I think it dispalys contracts based on users input. Would you mind having a look at it , I've plotted it on my machine, and I think it might do? But it would be better if it was like an oscillator, and color coding it i.e. green/red for buying / selling.

 

 

What do you think?

 

Thanks

 

Inputs: 
Level  (25); 

Variables: 
VolQty  (0); 

if BarType >= 2 then begin 
if Volume >= Level then VolQty = Volume; 
if Volume < Level then VolQty = 0; 
end else begin 
if Ticks >= Level then VolQty = Ticks; 
if Ticks < Level then VolQty = 0; 
end;	  

Plot1( VolQty, "Volume" )

 

Hi theman

 

That code won't do the trick, basically what that code is doing is showing volume over 25 for the whole bar, if the volume for the whole bar is less than 25 it will plot 0.

 

I know how to code it up, but have been struggling for time a little bit lately, I'll hopefully get around to doing it at the weekend.

 

Cheers

 

Blu-Ray

[theman 10]

Thanks Blu-Ray for your help

[spyro 10]

thanks blu

[spyro 10]

blu

 

just little another thing

 

if you can and if it not so hard to make the bars fat or thin if it for example more or less then 100 contracts so we can see if it push up hard or low

 

 

thanks

[Blu-Ray 10]

blu

 

just little another thing

 

if you can and if it not so hard to make the bars fat or thin if it for example more or less then 100 contracts so we can see if it push up hard or low

 

 

thanks

 

Sorry, I don't get what you're trying to portray, as we'll just be showing contracts over 100 anyway.

 

Cheers

 

Blu-Ray

[theman 10]

I think spyro is bascially saying the following:

 

This is from e otpro's site:

 

The size of the dot tells you how much volume is in that particular bar, relative to the last 3 half-cycles. So, a large dot means greater than average volume is flowing into the bar for that type of trade. A tiny dot means not much volume.

 

It was important to split out the dot sizes, because… say you have a big push down from the large traders, and then the dots start drifting back towards the zero line. That drift up could be happening because they are buying, but it could also be happening because they aren’t doing anything. If no volume prints for their size, the dots will tend toward zero from wherever they are. I wanted to differentiate action from non-action. It’s working well to do so, today.

 

And this is the image (its the bottom indicator)

 

[spyro 10]

exactly

 

 

where did u found it ?!

 

guess someone think about it before me

[januson 10]

Just curious... BidAsk, huh.. realtime... As I understand this it only takes the bidsize and asksize, not the actually trades.

How can this be interesting? What about hidden orders? And what about bids coming and going just to tease or trick the ask-side, viceversa.

[BlowFish 10]

Just curious... BidAsk, huh.. realtime... As I understand this it only takes the bidsize and asksize, not the actually trades.

How can this be interesting? What about hidden orders? And what about bids coming and going just to tease or trick the ask-side, viceversa.

 

No it takes actual trades. It compares volume traded @ bid against volume traded @ ask. Aggressive sellers vs aggressive buyers.

 

Marketdelta.com & Investor RT are the sites to go to find out more.

[januson 10]

So it's a sort of the volume/ tick delta indicator? And what's the difference then?

 

And may I then ask why it doesn't work at historic data?

 

The reason for my questions, is that I'm currently working at something similar (maybe)

[BlowFish 10]

Yes, as far as I can tell its is a volume delta that has been smoothed with an ema (maybe double smoothed?).

 

The problem with getting it to work with historic data is if you are using say minute bars you would need to build these with tick by tick data for bid ask and trade data to build the delta. Neoticker allows this I believe and Ninja are promising something like this for version 7. Investor RT can probably cope with it somehow but not sure of the details as I have never used it.