TOPIC: New Time and Sales indicator

New Time and Sales indicator 08 Aug 2010 14:06 #1

  • hunt
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I believe I am done with this indicator and it is ready for the store but as always I am trying to determine if there are more features to add. It seems with every new item a customer immediately has useful suggestions and I have to go back to work on the item.

This is a Macd-ish visual aid for the T&S data, cumulative delta volmue. It has a fast and slow line and the histogram bars are color coded to show if the volume (delta) for that bar is up or down. The problem with standard cumulative delta is that when volume goes sideways, any moving average will also do so and if it is in an oscillator, the line will gravitate toward the zero line and be kind of useless. So, my standard mode in this indicator is based on cumulative delta percentage instead.

DeltaCD_test.png
Last Edit: 10 Aug 2010 19:02 by hunt.
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Re: New Time and Sales indicator 09 Aug 2010 20:53 #2

  • ChrisD
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I really like the concept behind this indicator, as Time and Sales are an integral part of my trading strategies. This indicator will tell me at a glance what all of my other indicators tell me as a group. And if I can gain a split second advantage over the competition, then I can be that much more effective as a trader.

ChrisD
Last Edit: 09 Aug 2010 20:54 by ChrisD.
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Re: New Time and Sales indicator 13 Aug 2010 18:06 #3

  • hawk
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Nice indi Hunt. Is it like the bid/ask delta momentum indi from MarketDelta? Would like to see it in multiple panels (

(> 4 contracts, > 19 contracts, > 45 cars, > 95 cars ....)
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Re: New Time and Sales indicator 13 Aug 2010 18:17 #4

  • eDanny
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Yeah Hawk, it also looks like it may be a valuable divergence indicator. It will be in the store in a bit, after I walk the dog, etc.

Edit: It is now in the store.
Last Edit: 13 Aug 2010 21:09 by eDanny. Reason: Done with dog walk, etc.
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