[Fib Setup With Value Pivots and Volume Delta]

[Soultrader 12]

Short video on a short setup using Fibs, Volume Delta, and pivot breaks. For those who are not familiar with volume delta, it is an indicator for TS developed by walterw. It plots the number of contracts bought at the ask versus the number of contracts sold at the bid and plots the greater of the two on top.

 

I have developed a way to visually identify turning points by using a color divergence between the Heikin Ashii Trend and Volume Delta at key price levels.

Basically, if the Heikin Ashii Trend indicator is blue but the Volume Delta shows more selleres, a red dot will appear on top of the price bar. Vice versa for red Heikin Ashii bars.

 

CLICK HERE TO VIEW VIDEO

 

 

Charts created by Tradestation

Presented by Traders Laboratory

[slableak 10]

I wish I could view this video but for some reason my computer wont let me. I checked and JAVA is enabled and I have the latest version of Flash. Any suggestions?

 

thanks,

David

[Soultrader 12]

Maybe try with Firefox?

[Happyguy 10]

Hi Soultrader,

Why the use of 600 ticks chart? Is this equal to a 5 minutes chart ?

Thanks, great video

[Soultrader 12]

Hi Happyguy,

 

It is not equal to a 5 minute chart. I use 600 tick for ER because a trading buddy of mine (Torero from this forum) recommended it and I found it useful. It is a matter of trader preference.

[slableak 10]

Hi Soultrader... I was finally able to view the video. I am not familular with the pivot break indicator. Is it on this forum? thanks,

David

[Soultrader 12]

Are you referring to the red horizontal line? That is just the value high pivot which I plot in manually.

[James 10]

Hi,

I am new to the forum, I also trade the Russell. I am interested in knowing which trading platform you use, and if the indicator in this video is available in the forum some place?

 

Thanks,

James

[keymoo 10]

Have a look in the indicators section - this indicator is for TradeStation.

[James 10]

Thanks, after searching a bit I found it.

 

Regards,

James