Add-on For Heikin Ashii and Volume Delta

[Soultrader 12]

This is an add-on for the Heikin Ashii and Volume Delta I requested and created by Walterw. All credits go out to Walterw for coding this up.

 

What this does is it spots the color divergence on the TTM and the Volume Delta. Whenever the TTM is blue but Volume Delta stays red, it will plot a dot on top of the price bar and vice versa.

 

What is important to remember is that this indicator should only be used to spot support and resistance at your predefined levels.

 

I have attached a snapshot showing how this indicator works. Notice the yellow line (daily pivot). We see more sellers there indicated by the red dots leading to a 30pt reversal.

DELTA TTM DIV.ELD

[TinGull 10]

Soul, was there a way to get this to filter out the noise dots? I've had one built for Investor/RT and I can't figure out if there's a way to filter out some noise.

 

Thanks!

[Soultrader 12]

Yea... I was wondering the same thing. Im not sure how I could apply filter to noises because I use this tool at every pivot level. I also use it when the markets are rangebound and not respecting any pivot that I use. Do you want the dots to appear only at MP levels and pivot points?

[TinGull 10]

Yea, I'd love to see them mainly at those pivot levels, or like a certain tick amount prior. Like...only show signals if price is within 2 points of VAL, VAH or POC kind of thing. Hmmm.....gettin me thinkin.

 

Here's my chart, though.

[Soultrader 12]

I think its definitely doable. Especially if you set the parameters to lets say within +-1 pt (any amount here) at each pivot. My elementary level with coding will be of no help but I am sure someone can help you out with it.

 

Regarding this tool though.... its probably one of the simplest tool but yet I find it of tremendous use. The turning points are amazing.

[TinGull 10]

Yea, it is amazing.

[walterw 10]

I think its definitely doable. Especially if you set the parameters to lets say within +-1 pt (any amount here) at each pivot. My elementary level with coding will be of no help but I am sure someone can help you out with it.

 

Regarding this tool though.... its probably one of the simplest tool but yet I find it of tremendous use. The turning points are amazing.

 

Soul I will be working on it... cheers Walter.

[Soultrader 12]

Thanks Walter

[walterw 10]

Ok Soul, you want to try this one, it will require to input the previous day H/L/C like on the pivots indicator, also must input vah, poc and val for today.. the "factor" is the amount of ticks above-below the levels that will be taking into acount, I put it default on 3 thinking of a 3 point on YM, now per example for russell if you want a 3 tick factor, the input should be 0.3.... you can play with this factor as convenient.... enjoy , cheers Walter.

DELTA Heikin Ashii DIV ON LEVEL.ELD

[TinGull 10]

Nice...now to figure it out in IRT....

[Soultrader 12]

Excellent Walterw. Thank you very much for this. I will give it a try and keep you posted

[traderxman 10]

I have the TTM trend indicator from TS forum, Tick Delta from this TL...and Delta TTM Div...but NO dots on the bars...any ideas or help on this are appreciated thanks.

[Soultrader 12]

Can you verify to see if the status is turned on or off? You might want to try reinstalling the TTM Div indicator last.

[traderxman 10]

Thanks it works...sorry for any inconvenience...appreciate the help indeed though! Have a great Sunday! Had it plotting crosses in subchart 3.

[sudha78 10]

This indicator is impressing one. is it possible to add this IB TradeStation? Anyone tried? Thanks.

[walterw 10]

OK Soul, this is the Delta Ttm Divergence with level filters that works fine (no glitches), as I stated previous , this level filter version will only plot the dots that are near to a level by a "factor" input... the default is 3 wich would represent a 3 points of YM.... for Russell would be 0.3 for 3 ticks factor wich is the distance above/ below level that this dots will be taken into acct...(you can play with this factor) as with the pivots indicator, inputs of previous day h/l/c must be entered, also todays mp levels (vah, val, poc) and there is 5 "fixedvalues" that can be used (optional) for sensitive levels that you want to monitor (fibonacci,vpc, etc) ... enjoy cheers Walter.

DELTA TTM DIV LEV 2.ELD

[Soultrader 12]

Great Stuff Walter. Thank you very much. I will give this a try.

[Soultrader 12]

Hi walterw,

 

Is it possible to modify the new indicator slightly to show up to 10 fixed values? I would appreciate it very much. Thank you

[walterw 10]

Hi walterw,

 

Is it possible to modify the new indicator slightly to show up to 10 fixed values? I would appreciate it very much. Thank you

 

 

certainly ¡¡ I will prepare that some time tomorrow... cheers Walter.

[walterw 10]

ok here is a version with 10 fixed levels as requested by Soul, enjoy cheers Walter.

DELTA TTM DIV LEV 2B.ELD

[rickv 10]

Walter or Soul,

Could you post an example of the what should be set in the inputs section - The HLC and VAH POC VAL but the other fields fixedvalue1-fixedvalue10.

Thanks

[walterw 10]

rickv : does fixed levels are optional, you can use them for a key fibonacci level you have in your analisis, maybe a vpc or other key S&R level you want to take into acct... if not you may live it on 0.... cheers Walter.

[WaftyUk 10]

Great work guys ...

[csayantan 10]

anyone have MC.NET version of the same ?

[Guest yoyomamand]

Is this working? Add-on For Heikin Ashii and Volume Delta

Add-on For Heikin Ashii and Volume Delta

Add-on For Heikin Ashii and Volume Delta